AGV

Change - Announcement Of Cessation Of Independent Director

BackJan 27, 2022
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 27, 2022 13:59
Status New
Announcement Sub Title Cessation of Independent Director
Announcement Reference SG220127OTHRN2XP
Submitted By (Co./ Ind. Name) Leow Quek Shiong and Gary Loh Weng Fatt
Designation Interim Judicial Managers
Description (Please provide a detailed description of the event in the box below) This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Hong Leong Finance Limited.

It has not been examined or approved by the SGX-ST and the SGX-ST 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 Mr Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886.

The Interim Judicial Managers 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.
Additional Details
Name Of Person Choong Yoon Fatt
Age 47
Is effective date of cessation known? Yes
If yes, please provide the date 26/01/2022
Detailed Reason (s) for cessation Mr Choong Yoon Fatt was removed as a Director of the Company pursuant to an Ordinary Resolution passed at the Extraordinary General Meeting held on 26 January 2022.

After having interviewed Mr Choong Yoon Fatt and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Choong Yoon Fatt as a 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 13/11/2018
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 5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Director
Chairman - Remuneration Committee
Member - Audit Committee and Nominating Committee
Role and responsibilities Fulfilling the roles and responsibilities of an Independent Director, the Chairman of the Remuneration Committee, and a member of the Audit Committee and 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
Past (for the last 5 years) AGV Group Limited
Oriental Group Ltd.
Present Claritas Pte. Ltd.
Claritas Capital Pte. Ltd.
Integra Solutions Pte. Ltd.