Contract concerns spark board exit at Rex International

Beverley Ann Smith steps down over subsidiary contract review and approval issues.

Rex International Holding Limited announced that independent non-executive director Beverley Ann Smith has resigned, effective 12 February 2026.

The group noted there were unresolved differences in opinion on material matters between Smith and the board, according to a bourse filing dated 19 February.

Smith had raised concerns relating to the review and approval process for certain contracts entered into by a subsidiary, which the company said are being taken seriously.

The company added that no conclusions have been reached and that it will provide updates where appropriate.

Smith was appointed to the board on 1 August 2023. She did not hold any shareholding interest in the company or its subsidiaries and has no familial relationship with any director or substantial shareholder.

Following her resignation, she will also step down from directorships held in the group’s subsidiaries.

Meanwhile, Rex International said its audit committee continues to have at least three members, and independent directors still make up at least one-third of the board.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia