CNMC Goldmine Holdings Limited announced that Ms. Gan has served on the Board of the company for more than nine years. She will therefore not be considered independent under Catalist Rule 406(3)(d)(iii), which took effect from 1 January 2022. As such, the Board, upon recommendation of the Nominating Committee, approved the re-designation of Ms Gan from Independent Director to Non-Independent Non-Executive Director of the Company with effect from 1 January 2022.

Ms Gan had abstained from the deliberations and decision-making in relation to the aforesaid re-designation. Following her re-designation, Ms Gan will remain as a member of the Audit Committee, Remuneration Committee and Nominating Committee of the Company. Mr. Tan Poh Chye Allan has been appointed chairman of the Nominating Committee.

At the forthcoming annual general meeting of the Company, approval for Ms Gan's appointment as an independent director of the Company will be sought from (a) all shareholders; and (b) all shareholders, excluding directors, chief executive officer, and their associates, in accordance with Catalist Rule 406(3)(d)(iii). Upon receipt of the aforesaid approval, Ms Gan will be re-designated as an Independent Director of the Company.