Change - Announcement Of Cessation Of Independent Director

BackDec 29, 2020
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Dec 29, 2020 12:22
Status New
Announcement Sub Title Cessation of Independent Director
Announcement Reference SG201229OTHR45NS
Submitted By (Co./ Ind. Name) Chan Shut Li William
Designation Executive Chairman
Description (Please provide a detailed description of the event in the box below) Cessation of Ms Liu Mei Ling Rhoda as Independent Director
Additional Details
Name Of Person Liu Mei Ling Rhoda
Age 59
Is effective date of cessation known? Yes
If yes, please provide the date 28/12/2020
Detailed Reason (s) for cessation The diabetes has triggered some other health issues since late 2019, hence, the director would like to reduce the current work load from 2021 to have more rest in view of diabetic patients have a higher risk for COVID-19.
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 01/04/2007
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.) (1) Independent Directpr
(2) Chairman of Audit Committee
(3) Member of Remuneration Committee
Role and responsibilities As above
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 20,000 Ordinary Shares
Past (for the last 5 years) NIL
Present (1) Modern Beauty Salon Holdings Limited
(2) Ellipsiz Communications Ltd
(3) Fujian Holdings Limited