Kitchen Culture redesignates Hao Dongting as non-executive chairperson
Tessa Oh
KITCHEN Culture on Monday (Jul 10) said that it has redesignated its non-executive non-independent director Hao Dongting as the non-executive chairperson of the board.
The redesignation is due to the need for the chairperson to lead the company following the recent changes made to its board, which were announced on Jun 26, Kitchen Culture said in a bourse filing.
“The board, having reviewed and considered the qualifications, working experience and suitability of (Madam) Hao, is of the view that (Madam) Hao has the requisite experience and capability to assume the duties and responsibilities as non-executive chairperson of the company.”
The Catalist-listed company has been involved in a boardroom tussle with a group of shareholders – including the largest shareholder Ooway Group, of which Hao is a director – seeking to requisition an extraordinary general meeting (EGM) to remove five of the six directors.
In June, the company announced that its board of directors – with the exception of Hao – will step down and be replaced by five new directors whom dissenting shareholders tried to appoint at an EGM on Nov 25.
Following Hao’s redesignation, the board now comprises James Rogers, Yip Kean Mun, Lam Kwong Fai, Tan Meng Shern and Cheung Wai Man Raymond.
Yip has been appointed as executive director, while Lam, Tan and Cheung have been appointed as independent directors. Rogers has been appointed as non-executive non-independent director.
Shares of Kitchen Culture have been suspended from trading since Jul 12, 2021.
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