Enquiry Form






Change – Announcement of Cessation::CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

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

 

 

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