Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
FOOD EMPIRE HOLDINGS LIMITED
Securities
FOOD EMPIRE HOLDINGS LIMITED - SG1I44882534 - F03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Apr-2019 18:17:59
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG190424OTHRMU83
Submitted By (Co./ Ind. Name)
Kevin Cho
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director who is a member of the Audit Committee, Nominating Committee and the Remuneration Committee.

Additional Details

Name Of Person
Boon Yoon Chiang
Age
84
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2019
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr. Boon Yoon Chiang decided not to seek for re-election at the AGM held on 24 April 2019 and retired as an Independent Director.

Following his retirement, Mr. Boon also ceased to be members of the Audit Committee, the Nominating Committee and the Remuneration Committee.

The Board expressed their gratitude and appreciation to Mr. Boon for his invaluable contributions during his tenure as director 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?
Yes
If Yes, Please provide full details
The Board noted that the Audit Committee has less than 3 AC members following the retirement of Mr. Boon Yoon Chiang. The Company will announce the replacement for Mr. Boon Yoon Chiang to the Singapore Exchange Securities Trading Limited soon.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/12/2005
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)
2
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 Director, members of the Audit Committee, the Nominating Committee and the Remuneration Committee.
Role and responsibilities
Roles and responsibilities of an Independent Director, members of the Audit Committee, the Nominating Committee and the Remuneration Committee.
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
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix B

Attachments