Change - Announcement of Cessation::Cessation of Non-Independent Non-Executive Director and Chairman

Issuer & Securities

Issuer/ Manager
CASA HOLDINGS LIMITED
Securities
CASA HOLDINGS LIMITED - SG1B93012089 - C04
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Mar-2022 17:17:55
Status
New
Announcement Sub Title
Cessation of Non-Independent Non-Executive Director and Chairman
Announcement Reference
SG220310OTHROFB2
Submitted By (Co./ Ind. Name)
MARGARET CHAK LEE HUNG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr Low Seow Chay as Non-Independent Non-Executive Director and Chairman

Additional Details

Name Of Person
Dr Low Seow Chay ("Dr Low")
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
10/03/2022
Detailed Reason (s) for cessation
Dr Low has served on the Board of Directors of the Company ("Board") for more than nine years, and was re-designated as Non-Independent Non-Executive Director of the Company with effect from 1 January 2022. Dr Low tendered his resignation as a director of the Company with effect from 10 March 2022, to allow for renewal of the Board.

Following Dr Low's resignation, Dr Low will also cease to be the Chairman of the Board and Nominating Committee and a member of the Audit Committee ("AC") and the Remuneration Committee ("RC") with effect from 10 March 2022.
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
28/08/1995
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
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-Independent Non-Executive Director, Chairman of the Board and the NC, as well as a member of the AC and the RC
Role and responsibilities
Dr Low assumed the role and responsibilities of a Non-Independent Non-Executive Director of the Company, Chairman of the Board and NC, as well as a member of the AC and the RC.
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: 204,600 ordinary shares in the listed issuer
Past (for the last 5 years)
Hai Leck Holdings Limited
Casa Property Holdings Pte. Ltd.
Present
Hor Kew Corporation Limited
L.K. Technology Holdings Limited