Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
SHENG SIONG GROUP LTD.
Securities
SHENG SIONG GROUP LTD - SG2D54973185 - OV8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Dec-2021 08:06:59
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG211222OTHR7HGD
Submitted By (Co./ Ind. Name)
Lim Hock Chee
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Francis Lee Fook Wah
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
Step down from the Board of Directors to engender a renewal of independent directors.
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
22/06/2011
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)
8
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee and a member of the Audit Committee.
Role and responsibilities
Independent Director, Chairman of Nominating Committee and a member of the Audit Committee.
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
Past (for the last 5 years)
Metech International Ltd
Blackgold Megatrade Pte. Ltd.
Freight Links Co., Ltd
Tengda Industrial Property (Suzhou) Co., Ltd
Present
Net Pacific Financial Holdings Limited
AsiaPhos Limited
Figtree Holdings Limited
Vibrant Group Limited
Wise Alliance Investments Limited
LTH Logistics (Singapore) Pte Ltd
Shentoncil Pte. Ltd.
Vibrant DB2 Pte. Ltd.
Sentosa Capital Pte. Ltd.
Sinolink Financial Leasing Co., Ltd
Sinolink Finance International Limited
Fervent Industrial Development (Suzhou) Co., Ltd
Vibrant Land Pte. Ltd.
Fervent IV Development Pte Ltd
Fervent Industrial Development (Ningbo) Co., Ltd
Fervent V Development Pte Ltd
Fervent Logistics Infrastructure (Changzhou) Co., Ltd
Ececil Pte. Ltd.
Celestine Management Private Limited
Saujana Tiasa Sdn Bhd
Vibrant Pucheng Logistics (Chongqing) Co., Ltd
Vibrant Pucheng Property Management (Chongqing) Co., Ltd
Vibrant Pucheng Enterprise Management (Chongqing) Co., Ltd
Vibrant International Freight Forwarding (Chongqing) Co., Ltd
Vibrant Megatrade Pte. Ltd.
Freight Links Express Pte Ltd
Glory Capital Pte. Ltd.
Vibrant Pucheng Investment Pte Ltd
Vibrant Properties Pte. Ltd.
Vibrant Pucheng Pte Ltd
Singapore Enterprises Private Limited
Freight Links Properties Pte. Ltd.
Freight Links Logistics Pte. Ltd.
Freight Links E-Logistics Technopark Pte Ltd
Freight Links Express Logisticpark Pte Ltd
Freight Links Express Logisticentre Pte Ltd
Fervent III Developments Pte Ltd
Crystal Freight Services Distripark Pte Ltd
Crystal Freight Services Pte Ltd
Freight Links Express International Co., Ltd
Freight Links M&S (H.K.) Ltd
Lee Thong Hung Trading & Transport Sdn Bhd
Joyas International Holdings Limited
Hub & Port Services Pte Ltd