SGX Announcements
Change - Announcement Of Cessation :: Cessation As Lead Independent Non-Executive Director
BackJan 07, 2019
Announcement Title | Change - Announcement of Cessation |
Date & Time of Broadcast | Jan 7, 2019 19:17 |
Status | New |
Announcement Sub Title | CESSATION AS LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR |
Announcement Reference | SG190107OTHR7I53 |
Submitted By (Co./ Ind. Name) | Wong Ming Kwong |
Designation | Chief Executive Officer and Executive Director |
Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Tan Pei Woon, Senior Manager, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and Email: sponsorship@ppcf.com.sg). |
Additional Details | |
Name Of Person | Dr Choong Chow Siong |
Age | 66 |
Is effective date of cessation known? | Yes |
If yes, please provide the date | 07/01/2019 |
Detailed Reason (s) for cessation | Cessation as a Director of the Company due to health reasons. The Board of Directors thanks Dr Choong Chow Siong for his contributions and dedication to the Company. 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 Dr Choong Chow Siong as the Lead 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 | 18/06/2018 |
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) | 3 |
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Non-Executive Director, Chairman of Audit Committee as well as a member of the Remuneration Committee and Nominating Committee |
Role and responsibilities | Duties as the Lead Independent Non-Executive Director, Chairman of Audit Committee as well as a member of the Remuneration Committee and Nominating Committee |
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
Shareholding interest in the listed issuer and its subsidiaries? | No |
Past (for the last 5 years) | Annaik Limited China Digital Video (Singapore) Pte. Ltd. C. S. Choong Investment China Digital Video Ltd |
Present | C. S. Choong & Co. PAC CSI & Co. PAC Straco Corporation Limited Viva Industrial Trust Viva Asset Management Pte. Ltd. CSJPA Advisory Pte. Ltd. Emerging Towns & Cities Singapore Ltd. |