Change - Announcement of Cessation::Resignation of Chairman of the Board (Mr Thomas Henrik Zilliacus)

Issuer & Securities

Issuer/ Manager
YUUZOO CORPORATION LIMITED
Securities
YUUZOO CORPORATION LIMITED - BMG9884X1020 - AFC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2018 22:26:53
Status
New
Announcement Sub Title
Resignation of Chairman of the Board (Mr Thomas Henrik Zilliacus)
Announcement Reference
SG180427OTHRH9RF
Submitted By (Co./ Ind. Name)
Mohandas
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Thomas Henrik Zilliacus as Chairman of the Board of the Company.

Additional Details

Name Of Person
Thomas Henrik Zilliacus
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2018
Detailed Reason (s) for cessation
Mr Thomas Zilliacus has informed the Company that he is doing this in view of the investigation by the Commercial Affairs Department, caused by a complaint by an unknown party. While he is convinced nobody in the Company has done anything wrong, he believe the honourable thing to do is to step aside while the investigation is ongoing.
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
29/08/2014
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Board and a member of the Nominating Committee of the Company
Role and responsibilities
Mr Thomas Henrik Zilliacus assumes the role of Chairman of the Board.
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
Mr Thomas Henrik Zilliacus has direct interest of 7,946,677 shares in YuuZoo Corporation Limited. He is deemed interested in the 109,007,764 Shares held by Mobile FutureWorks Inc. ("MFW") by virtue of Section 4 of the Securities and Futures Act, Chapter 289 of Singapore. Mr Zilliacus is a 100% shareholder of MFW.
Past (for the last 5 years)
Please refer to the Annexure.
Present
Please refer to the Annexure.

Attachments

Annexure - revised.pdf
Total size =29K