Change - Announcement of Cessation::Cessation as Independent Non-executive Director

Issuer & Securities

Issuer/ Manager
LUM CHANG HOLDINGS LIMITED
Securities
LUM CHANG HOLDINGS LIMITED - SG1E20001293 - L19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-May-2024 18:03:36
Status
New
Announcement Sub Title
Cessation as Independent Non-executive Director
Announcement Reference
SG240521OTHRMGL1
Submitted By (Co./ Ind. Name)
Yap Lay Hoon / Wong Yi
Designation
Company Secretaries
Effective Date and Time of the event
21/05/2024 18:03:00
Description (Please provide a detailed description of the event in the box below)
Mr Ho Siew Keong Kenneth ( Mr Ho ) will step down as the Independent Non-executive Director of the Company with effect from 22 May 2024. Consequent to his cessation, he will also be vacating his positions as a member of the Audit and Risk Committee of the Company and the Remuneration Committee of the Company.

Additional Details

Name Of Person
Ho Siew Keong Kenneth
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
22/05/2024
Detailed Reason (s) for cessation
Mr Ho will be taking up an executive appointment with the Company as the General Manager to focus on strategically identifying new businesses, expanding existing operations and pursuing growth opportunities.
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
10/09/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-executive Director, ARC member and RC member
Role and responsibilities
Assumed the roles and responsibilities as an Independent Non-executive Director and member of the ARC and the RC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
CES Vietnam Holdings Pte Ltd
CES Management (Vietnam) Pte Ltd
CES Technology Development (Taicang) Company
Present
Silverlink Holdings Pte Ltd
Transil Corporation Pte Ltd
Yinjian Investment (S) Pte Ltd
Beijing Yinjian Industry Co Ltd