Change - Announcement of Cessation::Cessation of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
V2Y CORPORATION LTD.
Securities
V2Y CORPORATION LTD. - SGXE31442804 - V2Y
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2025 20:36:36
Status
New
Announcement Sub Title
Cessation of Non-Executive and Independent Director
Announcement Reference
SG250425OTHRNJWH
Submitted By (Co./ Ind. Name)
Guo Zhipeng
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, Evolve Capital Advisory Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the sponsor is Mr. Lay Shi Wei at 160 Robinson Road, #20-01/02 SBF Center, Singapore 068914, telephone (65) 6241 6626.

Additional Details

Name Of Person
Boey Souk-Tann
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2025
Detailed Reason (s) for cessation
Ms Boey Souk-Tann ("Ms Boey") has tendered her resignation as a Non-Executive and Independent Director to focus on her existing principal commitments.
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?
Yes
If Yes, Please provide full details
The cessation of Ms Boey as Independent Director will result in the Audit Committee comprising fewer than three members. The Company is cognisant of its obligations under Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist ("Catalist Rules") and will endeavour to address this vacancy within two months and in any event, no later than three months.
Date of Appointment to current position
09/12/2020
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
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.)
Non-Executive and Independent Director, Chairman of the Nominating Committee and Member of both the Remuneration Committee and Audit Committee.
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
1. V2Y Corporation Ltd.
2. LegalWorks Law Corporation