Corporate News
Change - Announcement Of Cessation Of Independent Non-Executive Director - Tang Wai Loong Kenneth
May 31, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 31, 2023 19:23 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Non-executive Director - Tang Wai Loong Kenneth |
| Announcement Reference | SG230531OTHR06P5 |
| Submitted By (Co./ Ind. Name) | Leung Hon Shing |
| Designation | Executive Director and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Tang Wai Loong Kenneth as Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee. |
| Additional Details | |
| Name Of Person | Tang Wai Loong Kenneth |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/08/2023 |
| Detailed Reason (s) for cessation | Mr Tang Wai Loong Kenneth has tendered his resignation as the Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee of the Company due to his belief that the Company's next phase of development should be helmed by a refreshed Board after recent significant shareholding and leadership change of the Company and his having to devote more time and attention to his personal commitments. |
| 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 | 01/01/2022 |
| 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) | 0 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-executive Director, Chairman of the NC, Member of the AC, the RC and the Compliance Committee |
| Role and responsibilities | Independent Non-executive Director |
| 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) | Nil |
| Present | Brillante Marketing Pte Ltd |
