Change - Announcement of Cessation::Announcement of Cessation of Non-Executive Independent Director
Issuer & Securities
EUROSPORTS GLOBAL LIMITED
EUROSPORTS GLOBAL LIMITED - SG2G55000001 - 5G1
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Cessation of Non-Executive Independent Director
Submitted By (Co./ Ind. Name)
GOH KIM SAN
EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Demise of Non-Executive Independent Director.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST. 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 Mr Eric Wong, Director, Investment Banking, Singapore. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: +65 63375115.
Name Of Person
LIM KIM QUEE
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Passed away on 10 June 2020.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
The Company will be appointing an Independent Director to replace Mr Lim Kim Quee and will announce on the reconstitution of its board and board committee in due course.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Remuneration Committee and Members of the Audit and Nominating Committees.
Role and responsibilities
Mr Lim Kim Quee served as an Independent Director of the Company. His role was to exercise independence, objective judgement on business affairs of the Company. Together with other independent directors, they acted as a check and balance on the Company's management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)