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Change - Announcement Of Cessation Of Independent Director
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Feb 09, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 9, 2021 19:11 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Director |
| Announcement Reference | SG210209OTHRE7E2 |
| 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 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 (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 | Kurokawa Shingo |
| Age | 39 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/02/2021 |
| Detailed Reason (s) for cessation | Mr Kurokawa Shingo ("Mr Kurokawa") will be retiring as an Independent Director of the Company pursuant to Regulation 107 of the Company's Constitution. Accordingly, he shall be retiring at the conclusion of the Company's upcoming Annual General Meeting to be held on 26 February 2021 and stepping down as Chairman of Nominating Committee, Member of the Audit Committee and Member of Remuneration Committee. The Company would like to express its gratitude and appreciation towards Mr Kurokawa's valuable contributions to the Board during his tenure. The Sponsor, after having interviewed Mr Kurokawa, is satisfied that, save as disclosed in the announcement, there are no material reasons for the cessation of Mr Kurokawa as Independent 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 | 27/10/2017 |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Nominating Committee Chairman, Audit Committee Member and Remuneration Committee Member |
| Role and responsibilities | Independent Director, Nominating Committee Chairman, Audit 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) | FASTCODING Inc. Representative Director |
| Present | Nil |