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Change - Announcement Of Retirement Of Executive Director At Annual General Meeting

BackMar 29, 2021
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Mar 29, 2021 17:38
Status New
Announcement Sub Title Retirement of Executive Director at Annual General Meeting
Announcement Reference SG210329OTHR94IA
Submitted By (Co./ Ind. Name) Kenny Yap Kim Lee
Designation Executive Chairman
Description (Please provide a detailed description of the event in the box below) Retirement of Mr Alvin Yap Ah Seng as an Executive Director at Annual General Meeting
Additional Details
Name Of Person Alvin Yap Ah Seng
Age 55
Is effective date of cessation known? Yes
If yes, please provide the date 29/03/2021
Detailed Reason (s) for cessation Mr Alvin Yap Ah Seng is subjected to retirement by rotation pursuant to Regulation 91 of the Company's Constitution at the Company's Annual General Meeting ("AGM") held on 29 March 2021 and did not seek for re-election as part of the Board renewal process. Accordingly, he retired as an Executive Director of the Company at the conclusion of the AGM. He will continue to oversee the Group's accessories operations.
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 12/12/1998
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) 3
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.) Executive Director
Member of Executive Management Committee
Role and responsibilities Mr Alvin Yap Ah Seng is one of the founding members of the Company. He oversees the Group's accessories operations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Mr Alvin Yap is the cousin of Mr Kenny Yap Kim Lee, the Executive Chairman of the Company.
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 3,951,138 shares
Past (for the last 5 years) Nil
Present Qian Hu Holdings Pte. Ltd.
Qian Hu Aquarium and Pets (M) Sdn. Bhd.
Qian Hu The Pet Family (M) Sdn. Bhd.
Guangzhou Qian Hu OF Feed Co., Ltd
Qian Hu Marketing Co Ltd
NNTL (Thailand) Limited