Change - Announcement of Cessation::Retirement of Mr Ong Tiew Siam as Independent Director

Issuer & Securities

Issuer/ Manager
DESIGN STUDIO GROUP LTD.
Securities
DESIGN STUDIO GROUP LTD. - SG1O90915222 - D11
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2019 17:53:24
Status
New
Announcement Sub Title
Retirement of Mr Ong Tiew Siam as Independent Director
Announcement Reference
SG190426OTHRDAFQ
Submitted By (Co./ Ind. Name)
Hazel Chia
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Ong Tiew Siam as Independent Director. Mr Ong has also ceased as Chairmen of the Audit Committee and Nominating Committee and a member of the Remuneration Committee.

Additional Details

Name Of Person
Ong Tiew Siam
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2019
Detailed Reason (s) for cessation
Mr Ong Tiew Siam ("Mr Ong") did not seek re-election and retired as a Director of the Company at the conclusion of the Company's Annual General Meeting held on 26 April 2019. Consequent to his retirement, Mr Ong also ceased as Chairmen of the Audit Committee ("AC") and Nominating Committee ("NC") and a member of the Remuneration Committee ("RC").
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
01/03/2007
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)
1
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, Chairmen of the AC and NC and a member of the RC.
Role and responsibilities
Independent Director, Chairmen of the AC and NC and a member of the RC.
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) Ace Achieve Infocom Limited
(2) Fung Choi Media Group Limited (Liquidated)
(3) Lizhong Wheel Group Ltd
(4) Ng Chwee Cheng Foundation Limited
(5) Tat Hong Equipment Services Co. Ltd
(6) Tat Hong Holdings Ltd
(7) Tat Hong Properties Sdn Bhd (Liquidated)
(8) Tiong Hua Whee Pte Ltd (Liquidated)
Present
(1) CSC Holdings Limited
(2) Valuetronics Holdings Limited