Change - Announcement of Cessation::Retirement of Independent Non-Executive Director - Yee Chia Hsing

Issuer & Securities

Issuer/ Manager
FIRST SPONSOR GROUP LIMITED
Securities
FIRST SPONSOR GROUP LIMITED - KYG3488W1078 - ADN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2024 19:05:15
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director - Yee Chia Hsing
Announcement Reference
SG240425OTHRZ611
Submitted By (Co./ Ind. Name)
Neo Teck Pheng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Yee Chia Hsing as the Lead Independent Director and Non-Executive Director of the Company at the conclusion of the Annual General Meeting of the Company, held on 25 April 2024 ("AGM").

Additional Details

Name Of Person
Yee Chia Hsing
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Yee Chia Hsing retired from the Board as the Lead Independent Director of the Company upon the conclusion of the AGM.
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
19/05/2014
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director and a Member of Nominating Committee.
Role and responsibilities
Lead Independent Director and a Member of Nominating 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
First Sponsor Group Limited
- 690,900 ordinary shares
- 28 warrants (2019)
Past (for the last 5 years)
Ezion Holdings Limited
Datapulse Technology Limited
Present
Ren Ci Hospital
Beng Kuang Marine Limited
Zhongmin Baihui Retail Group Ltd.