Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
SHS HOLDINGS LTD.
Securities
SHS HOLDINGS LTD. - SG1G33866144 - 566
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2022 17:31:15
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG220930OTHRFWW7
Submitted By (Co./ Ind. Name)
Chester Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Lee Kuo Chuen
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2022
Detailed Reason (s) for cessation
As part of the board renewal process, Mr Lee Kuo Chuen, who has served as an Independent Director for a consecutive period of 9 years, has resigned as an Independent Director.

Consequent to his resignation as an Independent Director, he will also be vacating his positions as Chairman of the Nominating Committee as well as member of the Audit and Remuneration Committee.
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
01/10/2013
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)
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.)
Independent Director, Chairman of the Nominating Committee and member of the Audit and Remuneration Committees
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
- Left Coast Company, LLC
- Lu International (Singapore) Financial Asset Exchange Pte. Ltd.
- ICOAGE Limited
Present
- Hong Lai Huat Group (formerly known as HLH Group Limited)
- DLEE Capital Management Pte Ltd
- BlockAsset Management Pte. Ltd.
- Global FinTech Institute Ltd.
- Blockchain Association Singapore Ltd. (formerly known as Blockchain Enterprises and Scalable Technologies Association Ltd.)
- SmartMesh Foundation Pte. Ltd.
- Meshbox Foundation Pte. Ltd.
- Rule72 Pte. Ltd. (formerly known as Zilliqa Capital Pte. Ltd.)
- ETORO Singapore Pte. Ltd.