9R Limited (SG:1Y1) has released an update.
9R Limited has addressed concerns related to the recent cessation of Mr Wee Hock Kee as a director, clarifying that his departure was of his own volition after being informed of a controlling shareholder’s intention to vote against his re-election. The Company’s clarification comes after Mr Wee cited a lack of board deliberation and unclear reasons for his requested step-down, despite the board effectiveness evaluation for FY2023 indicating no performance issues. The Relevant Directors emphasized the proper procedure for director removal and their independence from the shareholder’s decision.
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