News
Change - Announcement Of Resignation Of Director
BackNov 22, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 22, 2024 17:36 |
| Status | New |
| Announcement Sub Title | Resignation of Director |
| Announcement Reference | SG241122OTHRTJG2 |
| Submitted By (Co./ Ind. Name) | Mark Francis Bedingham |
| Designation | Executive Director, President and CEO |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Director |
| Additional Details | |
| Name Of Person | Ho Kwok Wai |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/11/2024 |
| Detailed Reason (s) for cessation | Resignation |
| 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 | 06/11/2013 |
| 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 |
| 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.) | Non-Executive Chairman and Non-Executive Director |
| Role and responsibilities | Non-Executive |
| 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? | Yes |
| Shareholding Details | Deemed interest in the Company: i. 33,400,000 shares held by Jet Palace Holdings Limited ii. 77,933,000 shares held by Taipan Grand Investments Limited iii. 53,416,871 shares held by the nominee EFG Bank AG |
| Past (for the last 5 years) | Please refer to Annex A. |
| Present | Please refer to Annex B. |
Attachments