Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE NON-INDEPENDENT CHAIRMAN

Issuer & Securities

Issuer/ Manager
KITCHEN CULTURE HOLDINGS LTD.
Securities
KITCHEN CULTURE HOLDINGS LTD. - SG2D45972171 - 5TI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jun-2023 23:00:13
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE NON-INDEPENDENT CHAIRMAN
Announcement Reference
SG230626OTHRNO26
Submitted By (Co./ Ind. Name)
Yip Kean Mun
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Non-Independent Chairman.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It 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. Lee Khai Yinn (Tel (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Lau Kay Heng
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
26/06/2023
Detailed Reason (s) for cessation
Change of board of directors. The Company has released a separate announcement in relation to the details of change of board composition today. The reconstitution of Board and Board Committees will be deliberated by the incoming board of directors, and the relevant announcement will be released in due course.

Mr Lau Kay Heng ("Mr Lau") agrees to provide assistance, if necessary, to the Special Auditor, the Sponsor and the Exchange, on a best effort and when available basis.

SAC Capital Private Limited, after having enquired Mr Lau, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Lau as Non-Executive Non-Independent Chairman 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
10/11/2022
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Chairman and a member of the Audit and Risk, Nominating and Remuneration Committees.
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Kitchen Culture Holdings Ltd.
3L Asia Capital Pte. Ltd.
Asia M&A Group Pte Ltd
A3 International Investments Limited
iBosses Corporation Limited
Ello Fintech Pte. Ltd.
Present
DISA Limited
Regal International Group Ltd.
DISA Digital Safety Pte. Ltd.
SOEN International Assets Sdn Bhd
Platinum Mountain Pte Ltd
Trizon Global Trading Pte Ltd
Westplan Real Estates Sdn Bhd.