Colex Holdings Limited announced cessation of Fong Heng Bboo as the Independent Director. With the retirement of Fong Heng Boo at the conclusion of the forthcoming AGM on 28 April 2021, the AC will not have a minimum of 3 members. However, the Board will put up 2 candidates for appointment as Directors at the forthcoming AGM on 28 April 2021 who if appointed as Directors, will be appointed to the AC. To foster board renewal, Mr. Fong Heng Boo has informed the Board that he does not seek re-election as he has served more than nine years and will cease to be independent from 1 January 2022.