Change - Announcement of Cessation::CESSATION OF VICE PRESIDENT, FINANCIAL CONTROLLER

Issuer & Securities

Issuer/ Manager
PACIFIC STAR DEVELOPMENT LIMITED
Securities
PACIFIC STAR DEVELOPMENT LTD - SG1DE5000007 - 1C5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Oct-2017 17:31:17
Status
New
Announcement Sub Title
CESSATION OF VICE PRESIDENT, FINANCIAL CONTROLLER
Announcement Reference
SG171031OTHRJVCO
Submitted By (Co./ Ind. Name)
GLEN CHAN
Designation
CEO AND MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
CESSATION OF VICE PRESIDENT, FINANCIAL CONTROLLER

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and 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. Sebastian Jones, SAC Capital Private Limited at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. Telephone number: +65 6532 3829.

Additional Details

Name Of Person
TAN PECK LUAN
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2017
Detailed Reason (s) for cessation
Ms Tan Peck Luan ("Ms Tan") has resigned as Vice President, Financial Controller to pursue other career opportunities. In addition, there are no concerns with regards to the financial reporting of the Company that led to the resignation of Ms Tan and there are no disagreements between Ms Tan and the Board of Directors of the Company with regards to practices that will have an impact on the Company's financial reporting.

The Company expresses its gratitude to Ms Tan for her valuable contributions during her tenure of service.

Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, after having interviewed Ms Tan, is satisfied that other than disclosed in the announcement, there are no other material reason for the resignation of Ms Tan.

The Company is in the process of finding a replacement for the position and will announce the appointment via SGXNET in due course.
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
15/02/2017
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Vice President, Financial Controller
Role and responsibilities
Responsible for the full spectrum of financial and accounting functions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
09/08/2013 to Present
Talent Navigators Pte. Ltd.

19/04/2016 to Present
TT Viva Services Pte. Ltd.