31 Jan 2020

Change - Announcement Of Resignation Of Independent Non-Executive Director

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 31, 2020 19:36
Status New
Announcement Sub Title Resignation of Independent Non-Executive Director
Announcement Reference SG200131OTHRU3SW
Submitted By (Co./ Ind. Name) Sharon Yeoh
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Resignation of Independent Non-Executive Director

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Tay Sim Yee (Telephone no.: (65) 6232 3210) at 1, Robinson Road, #21-00 AIA Tower, Singapore 048542.
Additional Details
Name Of Person Lim Teck Chai, Danny
Age 46
Is effective date of cessation known? Yes
If yes, please provide the date 29/02/2020
Detailed Reason (s) for cessation Mr Lim Teck Chai, Danny ("Mr Danny Lim") has been a director of the Company since 21 August 2014 and is stepping down as part of progressive Board renewal. Based on its enquiries, the Company's Sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Danny Lim.
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 21/08/2014
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) 1
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 Non-Executive Director
Chairman of Nominating Committee
Member of Audit Committee
Member of Remuneration Committee
Role and responsibilities Independent Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) Sincap Group Limited
China Star Food Group Limited
Deskera Holdings Ltd.
Tee Land Limited
Present Kimly Limited
Stamford Land Corporation Limited
Choo Chiang Holdings Ltd.
Advancer Global Limited
Trans-Cab Holdings Ltd.