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Change - Announcement Of Resignation Of Lead Independent Director
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May 02, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 2, 2019 17:20 |
| Status | New |
| Announcement Sub Title | Resignation of Lead Independent Director |
| Announcement Reference | SG190502OTHR8CKK |
| Submitted By (Co./ Ind. Name) | Saito Hiroyuki |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. 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 Lee Khai Yinn (Tel: (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Ng Lip Chi, Lawrence |
| Age | 48 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2019 |
| Detailed Reason (s) for cessation | To focus on business and personal commitments pursuant to expanded role. SAC Capital Private Limited, after having interviewed Mr Lawrence Ng, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Lawrence Ng. |
| 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 | 01/11/2018 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| 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 | 8 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Audit Committee Chairman, Nominating Committee Member and Remuneration Committee Member |
| Role and responsibilities | Lead Independent Director, Audit Committee Chairman, Nominating Committee Member and Remuneration Committee Member |
| 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Sanli Environmental Limited UG Healthcare Corporation Limited NLC Advisory Pte. Ltd. SIA X Infotech Group SIA X Infotech X-Infotech Africa Limited |