Announcement Reference
SG190628OTHR1TPY
Submitted By (Co./ Ind. Name)
Tan Yee Chin
Designation
Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director, Tan Siak Hee
This announcement has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd. (the “Sponsor”), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Additional Details
Name Of Person
Tan Siak Hee
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2019
Detailed Reason (s) for cessation
To facilitate board renewal as recommended by the Code of Corporate Governance 2018, Mr Tan has decided to step down from his position as the Independent Director, the Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee.
The Sponsor, after having interviewed Mr Tan, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Tan as a Director of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
31/10/2007
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee.
Role and responsibilities
Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest of 50,000 shares in Soon Lian Holdings Limited
Past (for the last 5 years)
Nil
Present
Nil