Changes in the Composition of Board and Board Committees
CHANGES IN THE COMPOSITION OF THE BOARD AND BOARD COMMITTEES
The board of directors (“Board”) of F J Benjamin Holdings Ltd (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that Mr Frank Benjamin will step down as the Company’s Non-Executive Chairman and as a member of the Nominating Committee of the Company with effect from 31 December 2022. He will relinquish all his Board responsibilities and will be appointed as Emeritus Chairman and Founder of the Company.
In view of Mr Frank Benjamin’s extensive experience and expertise, he will also be appointed as Advisor to provide advisory and consulting services to the Board for a period of three years.
Following the above changes and with effect from 1 January 2023:
(i) Mr Frank Benjamin will be appointed as Emeritus Chairman and Founder of the Company, and Advisor to the Board;
(ii) Mr Eli Manasseh Benjamin, the incumbent Executive Director and Group Chief Executive Officer (“CEO”) of the Company, will be appointed as the Executive Chairman of the Company;
(iii) Mr Douglas Jackie Benjamin, the incumbent Executive Director and Group Chief Operating Officer of the Company, will be promoted to Group CEO of the Company; and
(iv) Mr Ng Hin Lee, the Lead Independent Director of the Company, will be appointed as a member of the Nominating Committee of the Company.
Subsequent to the above-mentioned changes and with effect from 1 January 2023, the composition of the Board and the Nominating Committee of the Company shall be as follows:
Board of Directors
Mr Eli Manasseh Benjamin Executive Chairman
Mr Douglas Jackie Benjamin Executive Director and Group Chief Executive Officer Mr Ng Hin Lee Lead Independent Director
Mr Liew Choon Wei Independent Director Mr Yee Kee Shian, Leon Independent Director
Nominating Committee
Mr Yee Kee Shian, Leon Chairman Mr Liew Choon Wei Member
Mr Ng Hin Lee Member
For the avoidance of doubt, the composition of the Audit Committee and the Remuneration Committee of the Company remains unchanged as follows:
Audit Committee
Mr Ng Hin Lee Chairman
Mr Liew Choon Wei Member Mr Yee Kee Shian, Leon Member
Remuneration Committee
Mr Liew Choon Wei Chairman
Mr Ng Hin Lee Member Mr Yee Kee Shian, Leon Member
The Board would like to thank Mr Frank Benjamin for his invaluable services and contributions during his term as the Non-Executive Chairman of the Company and is delighted that he will stay on as Emeritus Chairman and Founder.
BY ORDER OF THE BOARD
Karen Chong Mee Keng Company Secretary
12 December 2022
This announcement has been prepared by F J Benjamin Holdings Ltd (the “Company”) and its contents have been reviewed by the Company’s sponsor (the “Sponsor”), ZICO Capital Pte. Ltd., in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist.
This announcement 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 Ms Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.
