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

Issuer & Securities

Issuer/ Manager
TRANSCORP HOLDINGS LIMITED
Securities
TRANSCORP HOLDINGS LIMITED - SG1J09885596 - T19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Dec-2018 18:31:58
Status
New
Announcement Sub Title
Resignation of Non-Executive Chairman and Independent Director
Announcement Reference
SG181212OTHR7PSR
Submitted By (Co./ Ind. Name)
You Zihui
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lai Hock Meng as the Non-Executive Chairman and Independent Director of the Company with effect from 12 December 2018.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made. The Sponsor is satisfied, based on enquiries made, that there are no reasons for the cessation other than those stated in this announcement.

This announcement has not been examined or approved by the Exchange and the Exchange 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 Liau H.K.
Telephone number: 6221 0271

Additional Details

Name Of Person
Lai Hock Meng
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
12/12/2018
Detailed Reason (s) for cessation
Due to medical reasons.
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
03/08/2018
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman, Independent Director, AC Chairman, NC Member, and RC Member.
Role and responsibilities
To lead the Board, set Board agenda and maintain the effective functioning of the Board. To support the work of the executive director in executing strategy, delivering performance and value to shareholders and other stakeholders .
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Metax Engineering Corp Ltd
2. China Energy Ltd
3. China Essence Ltd
4. Success Dragon International CY Foundation Group Ltd
5. CFM Holdings Ltd
6. ASTI Holdings Ltd
7. China Oilfield Ltd
8. PureCircle Ltd
9. EC World Asset Management Pte Ltd
10. HML Consulting Group Pte Ltd
11. Dexin Steel Pte Ltd
12. PureCircle China Agriculture Development Co., Ltd
13. PureCircle (Shanghai) Co., Ltd
14. FA Systems Automation (S) Pte Ltd
15. Star Castle Capital (Singapore) Pte Ltd
16. The China Society, Singapore
17. Expert Global Management Limited
18. Kingbox (Asia) Limited
19. Kingbox Manufacturing Limited
20. CY Management Limited
21. Ace Advantage Developments Limited
22. Ace Plus Limited
23. Ace Precise International Limited
24. Best Max Holdings Limited
25. Lucky Zone Holdings Limited
26. Perfect Ace Global Limited
27. Science Power Limited
28. Silkway Holdings Limited
29. Number One Ventures Limited
30. Villaway Limited
31. Expert Dragon Limited
32. Fullwealth Investment Pte Ltd
33. Magnasset Investment Pte Ltd
34. Prorich Investment Pte Ltd
35. Richport Investment Pte Ltd
36. Richwin Investment Pte Ltd
37. JY Logistic Investment Pte Ltd
Present
1. Delong Holdings Ltd
2. Dragon Group International Ltd
3. Champ Buyout III Pte Ltd
4. Char Yong (Dapu) Foundation Limited
5. PureCircle (Jiangxi) Co., Ltd
6. HML Consulting Group Pte Ltd
7. Playhood Pte Ltd
8. PT Dexin Steel Indonesia
9. Riverside Asia Partners Pte Ltd
10. Riverside Asia Pacific Fund II Pte Ltd
11. DCM Asia Pte Ltd
12. Cosmic Capital Limited
13. Stamford Consultants Pte Ltd
14. SB Global Ventures Pte Ltd