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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 15, 2019 17:07 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF AN INDEPENDENT DIRECTOR |
| Announcement Reference | SG190515OTHRAEVU |
| Submitted By (Co./ Ind. Name) | Lim Say Chin |
| Designation | Executive Chairman and Managing Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of an Independent Director. This announcement has been prepared by the Company and its contents have been 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 (the "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. The Sponsor 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 Alicia Sun (Telephone: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Pan Chuan-Chih George |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/05/2019 |
| Detailed Reason (s) for cessation | To pursue his personal interests. The Sponsor, after having interviewed Pan Chuan-Chih George ("Mr Pan"), is satisfied that other than disclosed in this announcement, there are no other material reasons for the resignation of Mr Pan 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 | 16/03/2016 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Remuneration Committee and member of the Audit and Nominating Committees |
| Role and responsibilities | Responsibilities as an Independent Director, Chairman of the Remuneration Committee and member of the Audit and Nominating Committees |
| 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? | Yes |
| Shareholding Details | Direct interest in 100,000 shares in the Company |
| Past (for the last 5 years) | Nil |
| Present | 3GP Solutions Pte. Ltd. |