News
Change - Announcement Of Cessation Of Non-Executive Independent Director
BackAug 14, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 14, 2023 17:55 |
| Status | New |
| Announcement Sub Title | Cessation of Non-executive Independent Director |
| Announcement Reference | SG230814OTHRAGSV |
| Submitted By (Co./ Ind. Name) | Tan Ching Chek/Koh Chay Tiang |
| Designation | Company Secretaries |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Lim Jun Xiong Steven as Non-executive Independent Director |
| Additional Details | |
| Name Of Person | Lim Jun Xiong Steven |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/09/2023 |
| Detailed Reason (s) for cessation | Mr Lim Jun Xiong Steven has completed his 9-year tenure as an Independent Director with Hong Fok Corporation Limited ("HFC") on 25 July 2023. As part of the board renewal process, Mr Lim will step down as a director of HFC on 1 September 2023. |
| 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 | 25/07/2014 |
| 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) | 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.) | Chairman of the Audit and Risk Management Committee; Member of the Nominating Committee and Member of the Remuneration Committee |
| Role and responsibilities | Non-executive Independent Director |
| 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) | 1. Emerging Towns & Cities Singapore Ltd - Resigned on 05.04.2021 2. Mirach Energy Limited - Resigned on 30.04.2021 3. Keong Hong Holdings Limited - Ceased on 31.12.2021 |
| Present | 1. Bund Center Investment Ltd 2. Sinarmas Land Ltd 3. Livingstone Health Holdings Limited 4. Riverstone Holdings Limited 5. CosmoSteel Holdings Limited |