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Change - Announcement Of Resignation Of Independent Non-Executive Director

BackJan 10, 2022
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 10, 2022 19:38
Status New
Announcement Sub Title Resignation of Independent Non-Executive Director
Announcement Reference SG220110OTHR6GZR
Submitted By (Co./ Ind. Name) Manfred Fan Chee Seng
Designation Executive Chairman
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, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr Shervyn Essex, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318,
Additional Details
Name Of Person Kok Cheang Hung
Age 51
Is effective date of cessation known? Yes
If yes, please provide the date 31/01/2022
Detailed Reason (s) for cessation Mr Kok Cheang Hung ("Mr Kok") has tendered his resignation to focus on other professional commitments.

Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Kok as Independent Non-Executive Director.
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? Yes
If Yes, Please provide full details Following the resignation of Mr Kok, the Board Committees will consist of only 2 members. The Company will endeavour to fill the vacancy in the Board Committees within 2 months, and in any case, no later than 3 months, to comply with Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the SGX-ST.
Date of Appointment to current position 12/12/2019
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 Non-Executive Director.
Role and responsibilities Chairman of the Audit Committee as well as member of the Nominating Committee and Remuneration Committee.
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) InfoCorp Technologies Pte. Ltd.
Present Stellans Capital Pte. Ltd.
Kronologi Asia Berhad