Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
FIRST RESOURCES LIMITED
Securities
FIRST RESOURCES LIMITED - SG1W35938974 - EB5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Dec-2021 17:18:51
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG211221OTHRV0R0
Submitted By (Co./ Ind. Name)
Chester Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Lim Ming Seong
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
Mr Lim Ming Seong has served as an Independent Director of the Company for an aggregate period of more than 9 years and is resigning as part of the board renewal process.

Consequent to his resignation as an Independent Director, he will also be vacating his positions as Chairman of the Board and the Nominating Committee as well as member of the Remuneration Committee 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
01/10/2007
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Board and Nominating Committee as well as member of the Remuneration Committee
Role and responsibilities
Independent Director, Chairman of the Board and Nominating Committee as well as member of the Remuneration Committee
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?
Yes
Shareholding Details
- 50,000 ordinary shares of the Company in his own name; and

- 50,000 ordinary shares of the Company held under the name of Citibank Nominees Singapore Pte Ltd.
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- StarHub Ltd
Present
- CSE Global Ltd
- Singapore Technologies Telemedia Pte Ltd
- STT Communications Ltd
- Amplus Communication Pte Ltd
- U Mobile Sdn Bhd