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29 Dec 2023

Change - Announcement of Cessation::Resignation of Independent Director

Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
FUXING CHINA GROUP LIMITED
Securities
FUXING CHINA GROUP LIMITED - BMG3705H2069 - AWK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Dec-2023 17:27:05
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG231229OTHR3PT1
Submitted By (Co./ Ind. Name)
Hong Qing Liang
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Dr. Ho Kah Leong as Independent Director

Additional Details

Name Of Person
Dr. Ho Kah Leong
Age
86
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2024
Detailed Reason (s) for cessation
Dr. Ho Kah Leong ("Dr. Ho") has served on the Board for more than 9 years. In view of the nine-year tenure limit for Independent Directors prescribed under the Singapore Exchange Securities Trading Limited Listing Manual, Dr. Ho has decided to step down and resign to facilitate Board renewal.

Following Dr. Ho's resignation, Dr. Ho shall cease to be member of the Audit Committee, Nominating Committee and Remuneration Committee.

In preparation of Dr. Ho's resignation, the Board has searched for suitable candidates and has appointed Mr. Low See Lien ("Mr. Low") as Lead Independent Non-Executive Director on 1 January 2024 and Mr. Low's appointment has been announced on SGXNET.

The Company would like to express its gratitude and appreciation for Dr Ho's valuable contributions to the Board during his tenure as Lead 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
03/08/2007
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.)
- Lead Independent Director
- Member of the Audit Commitee, Nominating Committee and Remuneration Committee
Role and responsibilities
- Lead Independent Director
- Member of the Audit Commitee, Nominating 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?
No
Other Directorships
Past (for the last 5 years)
KOP Limited
Present
Pioneers & Leaders (M) Sdn. Bhd.