| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 23, 2024 23:14 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Independent Non-Executive Director |
| Announcement Reference | SG240123OTHRH14R |
| Submitted By (Co./ Ind. Name) | Iqbal Jumabhoy |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Ms Au Foong Yee as Non-Independent Non-Executive Director. This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance 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 announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg |
| Additional Details | |
| Name Of Person | Au Foong Yee |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/01/2024 |
| Detailed Reason (s) for cessation | Unless otherwise defined, all capitalized terms used herein shall have the same meanings ascribed to them in the Company's Circular to its shareholders dated 7 December 2023. The cessation is pursuant to the re-constitution of the Board of Directors of the Company with effect from the Completion Date of the Proposed Acquisition. To the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the resignation of Ms Au Foong Yee as Non-Independent Non-Executive Director. |
| 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 | 04/02/2022 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director, Audit Committee member, Nominating Committee member, and Remuneration Committee member |
| Role and responsibilities | Non-Executive, Non-Independent Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Au Foong Yee holds 20,000 ordinary shares jointly with spouse, Lu Ping Liang |
| Past (for the last 5 years) | 1. Edge Insider Sdn Bhd 2. Harmoni Pelangi Sdn Bhd 3. The Edge Communications Sdn Bhd 4. The Edge Property Sdn Bhd 5. Edgeprop Sdn Bhd 6. Harmoni Bintang Sdn Bhd 7. Equilands Sdn Bhd 8. Black and Turquiose Production Sdn Bhd 9. The Edge Galerie Sdn Bhd 10. Pepper Events Sdn Bhd 11. LGM Properties Coporation |
| Present | 1. Inta Bina Group Berhad |
