Change - Announcement Of Resignation Of Director
BackMar 29, 2018
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 29, 2018 17:07 |
| Status | New |
| Announcement Sub Title | Resignation of Director |
| Announcement Reference | SG180329OTHR8YAV |
| Submitted By (Co./ Ind. Name) | Michael Steven Weiss |
| Designation | Group CEO and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Announcement on the resignation of Mr Ho Sheng as a Director of the Company. |
| Additional Details | |
| Name Of Person | Ho Sheng |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/03/2018 |
| Detailed Reason (s) for cessation | Health reasons. |
| 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 | 01/07/2011 |
| 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, Chairman of the Nominating Committee, and a member of the Audit Committee |
| Role and responsibilities | Roles and responsibilities of an Independent Director, Chairman of the Nominating Committee, and a member of the Audit 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? | Yes |
| Shareholding Details | Deemed interest of immediate family members:- (1) Woo Foong Lin - 300,000 shares; (2) Ho Sheng Yi - 1,000 shares; and (3) Ho Sheng Yung - 1,000 shares. |
| Past (for the last 5 years) | 1. Ying Li International Real Estate Limited; 2. Bananai Capital; and 3. YZSIDE.Com Pte. Ltd. |
| Present | 1. New Silkroutes Group Limited |