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12 Apr 2024

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
12-Apr-2024 18:02:07
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG240412OTHRVPXU
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 Mr. Lim Cheng Kee as Independent Director

Additional Details

Name Of Person
Lim Cheng Kee
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Mr. Lim Cheng Kee ("Mr. Lim") has served on the Board of Directors (the "Board") of the Company for more than nine (9) years. In view of the nine-year tenure limit for Independent Directors prescribed under the Singapore Exchange Securities Trading Limited Listing Manual, Mr. Lim has decided to step down and resign upon the conclusion of the forthcoming Annual General Meeting ("AGM") of the Company to be held on 29 April 2024 to facilitate Board renewal.

Following Mr. Lim's resignation, Mr. Lim shall cease to be the Chairman of the Audit Committee and the Remuneration Committee and a member of the Nominating Committee.

The Company will release an updated announcement on the updated Board and the respective Board Committees' composition when it has been finalised.

The Company would like to express its gratitude and appreciation for Mr. Lim's valuable contributions to the Board during his tenure as 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
23/05/2014
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Chairman of the Audit Committee and Remuneration Committee
- Member of the Nominating Committee
Role and responsibilities
- Chairman of the Audit Committee and Remuneration Committee
- Member of the Nominating 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)
Nil
Present
Nil