News
Change - Announcement Of Cessation :: Resignation Of Non-Independent Non-Executive Director
BackMay 07, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 7, 2019 17:14 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR |
| Announcement Reference | SG190507OTHRPEXB |
| Submitted By (Co./ Ind. Name) | Mr. Yet Kum Meng |
| 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 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 Gillian Goh, Director, Head of Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg). |
| Additional Details | |
| Name Of Person | Masato Mohri |
| Age | 55 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 07/05/2019 |
| Detailed Reason (s) for cessation | To assume other responsibilities within the ITOCHU Group. Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Masato Mohri as Non-Independent and Non-Executive 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 | 21/03/2018 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director and Nominating and Remuneration Committee Member. |
| Role and responsibilities | The role and responsibilities of a Non-Independent Non-Executive Director and Nominating and Remuneration Committee Member. |
| 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? | No |
| Past (for the last 5 years) | 1. Shandong Binteng Textile Co., Ltd. 2. Shandong Luteng Textile Co., Ltd. 3. Textile Prominent (Asia) Limited 4. Thai Shikibo Co., Ltd 5. TI Garment Company Limited 6. Sunrise (Sheng Zhou) Textiles Co., Ltd 7. Sunrise (Sheng Zhou) Knit Co., Ltd 8. RC Holding LLC 9. IRL Corporation 10. ITOCHU Singapore Pte Ltd 11. ITOCHU Malaysia Sdn. Bhd. 12. PT ITOCHU Indonesia 13. I-FTZ Trade Philippines, Inc. |
| Present | Nil |