Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
KOP LIMITED
Securities
KOP LIMITED - SG2G85000005 - 5I1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Jul-2024 18:24:51
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240716OTHRD5J5
Submitted By (Co./ Ind. Name)
Ong Chih Ching
Designation
Executive Chairman and 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, RHT Capital Pte. Ltd. (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. Khong Choun Mun at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

Additional Details

Name Of Person
Yu-Foo Yee Shoon
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2024
Detailed Reason (s) for cessation
As part of the Board rejuvenation process and to comply with the Rule 406(3)(d)(iv) of the SGX-ST Listing Manual Section B: Rules of Catalist, Mrs. Yu-Foo Yee Shoon ("Mrs. Yu-Foo"), who has served on the Board for more than 9 years, will be retiring as an Independent Director of the Company and will relinquish her position as the Chairman of the Nominating Committee, member of the Audit and Risk Committee and Remuneration Committee.

The Company would like to express its gratitude and appreciation for Mrs. Yu-Foo's valuable contributions to the Board during her tenure as the Independent Director of the Company.

The Company's sponsor, RHT Capital Pte. Ltd., after having interviewed Mrs. Yu-Foo is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mrs. Yu-Foo as the Independent 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?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
06/05/2014
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee, member of Audit and Risk Committee and Remuneration Committee
Role and responsibilities
Non-Executive.

Independent Director, Chairman of Nominating Committee, member of Audit and Risk Committee and Remuneration 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?
Yes
Shareholding Details
540,000 shares
Past (for the last 5 years)
Senior Advisor of:
- Elomart Pte. Ltd.

Chairman of:
- Publicity and Outreach Committee for the Lee Kuan Yew Fund for Bilingualism
- Traditional Chinese Medicine Practitioners Board, Ministry of Health

Director of:
- Summer Hotel Holdings (Singapore) Pte. Ltd.
- ED+ Pte Ltd
Present
Independent Director of:
- ARA Trust Management (Suntec) Limited

Non-Independent Non-Executive Chairman of:
- Singapura Finance Ltd.

Advisor of:
- Dimensions International College Pte. Ltd.
- Nuri Holdings (S) Pte. Ltd.
- Heartware Network
- Singapore China Friendship Association Women's Alliance

Other commitments:
- Sponsorship Committee Member of Trailblazer Chan Chiew Ping Fund
- Member of Executive Council of Hainan University, China
- Justices of the Peace; Marriage Solemnizer; Board of Visting Justices & Board of Inspection, MHA HomeTeam