Change - Announcement Of Resignation Of Independent Non-Executive Chairman
BackJun 08, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 8, 2023 17:21 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Non-Executive Chairman |
| Announcement Reference | SG230608OTHRJ3DP |
| Submitted By (Co./ Ind. Name) | Xiao Xia |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Independent Non-Executive Chairman |
| Additional Details | |
| Name Of Person | Kesavan Nair |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/06/2023 |
| Detailed Reason (s) for cessation | Change of board of directors due to change of shareholder. |
| 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 | 15/01/2022 |
| 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) | 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.) | Independent Non-Executive Chairman, Chairman of the Nominating Committee and Remuneration Committee, and member of Audit and Risk Committee |
| Role and responsibilities | Not applicable |
| 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? | No |
| Past (for the last 5 years) | Directorships: Kitchen Culture Holdings Ltd. Genvest Pte Ltd |
| Present | Directorships: Medi Lifestyle Limited Arion Entertainment Singapore Limited OxPay Financial Limited Other Principal Commitments: Bayfront Law LLC |