News
Change - Announcement Of Relinquishment Of Independent Non-Executive Director
BackJun 04, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 4, 2025 21:42 |
| Status | New |
| Announcement Sub Title | Relinquishment of Independent Non-Executive Director |
| Announcement Reference | SG250604OTHR8CFN |
| Submitted By (Co./ Ind. Name) | Goh Toh Sim |
| Designation | Executive Director & CEO |
| Description (Please provide a detailed description of the event in the box below) | Relinquishment of Independent Non-Executive Director, Chairman of the Nominating and Remuneration Committee, and a member of the Audit and Risk Committee |
| Additional Details | |
| Name Of Person | Li Guosheng |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 21/06/2025 |
| Detailed Reason (s) for cessation | In view of the 9-year tenure limit for independent directors, Mr Li Guosheng ("Mr Li") will be stepping down as Independent Non-Executive Director of the Company pursuant to Listing Rule 210(5)(d)(iv). The Board would like to express its gratitude towards Mr Li for his valuable and contributions to the Company during his tenure of service. |
| 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 | 21/06/2016 |
| 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.) | Independent Non-Executive Director, Chairman of the Nominating and Remuneration Committee, and a member of the Audit and Risk Committee |
| Role and responsibilities | Non-Executive. |
| 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) | 1. Horizonline Pte Ltd 2. Golden Ox Services Pte. Ltd. 3. Sc Health Development Pte. Ltd. |
| Present | 1. Horizonline Capital Pte. Ltd. 2. Ningbo Horizonline Technologies Co. Ltd. 3. Linear Furnishing Pte. Ltd. 4. Anandi Hotel Management Pte. Ltd. 5. Zhejiang Entrepreneurs Center Pte. Ltd. 6. Harnest & Garner Pte. Ltd. 7. Xiang Tai International Trading Pte. Ltd. |