Change - Announcement of Cessation::Retirement of Independent Director - Mr. Chng Hee Kok

Issuer & Securities

Issuer/ Manager
NANYANG NEW DEVELOPMENT LIMITED
Securities
NANYANG NEW DEVELOPMENT LTD - SG1P13916389 - M15
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Apr-2026 00:20:09
Status
New
Announcement Sub Title
Retirement of Independent Director - Mr. Chng Hee Kok
Announcement Reference
SG260415OTHREYQH
Submitted By (Co./ Ind. Name)
Dr Liu Shen
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Chng Hee Kok as an Independent Director of the Company with effect from 30 April 2026.

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name of person
Chng Hee Kok
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date.
30/04/2026
Detailed reason(s) for cessation
Mr. Chng Hee Kok ("Mr. Chng") has informed that he will retire as an Independent Director and not be seeking re-election at the Company's forthcoming Annual General Meeting ("AGM") as he believes he will not garner enough shareholders' votes for his re-election resolution to be tabled at the forthcoming AGM to be held on 30 April 2026.

Upon retirement of Mr. Chng at the conclusion of the AGM, he will also cease to be the Chairman of the Nominating Committee as well as a member of the Audit Committee and the Remuneration Committee.

After having interviewed Mr. Chng, and to the best of its knowledge, the Company's Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Chng as an Independent Director of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
01/05/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee as well as a member of the Audit Committee and the Remuneration Committee
Role and responsibilities
Assumed the role and responsibilities of an Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of independent directors currently resident in Singapore (taking into account this cessation)
1
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
8
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
1. Luxking Group Holdings Ltd
2. Blackgold Natural Resources Ltd
3. Metech International Ltd
4. KTL Global Ltd
5. Ellipsiz Ltd
6. Sandpiper Digital Payment AG
7. Ferrstron Electric Pte. Ltd.
8. Cashflws Pte. Ltd.
9. Full Apex (Holdings) Ltd
10. Rational Pricing Technologies Pte. Ltd.
Present
1. The Place Holdings Ltd
2. Advanced Systems Automation Ltd
3. Debao Property Development Ltd
4. United Food Holdings Ltd