Change - Announcement of Cessation::Cessation of Non-Executive Director

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
07-Jun-2019 18:24:06
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG190607OTHRSPFB
Submitted By (Co./ Ind. Name)
Glen Chan
Designation
CEO & Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Director

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). It has not
been examined or approved by the Singapore Exchange Securities Trading Limited (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 David Yeong Kai Xiong (tel : (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Tan Hai Peng Micheal
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
07/06/2019
Detailed Reason (s) for cessation
Mr Tan Hai Peng Micheal ("Mr Tan") had expressed his desire to step down as a board member of the Company and to focus on his primary work commitments. With the additions of new members to the Board as announced on 4 June 2019, Mr Tan is of the view that it is an appropriate time to step down and let the new Board lead the Company moving forward.

The Sponsor, after having interviewed Mr Tan, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Tan as a Non-Executive Director of the Company.

The Company expresses its gratitude to Mr Tan for his valuable contributions during his tenure of service.
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
17/09/2007
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
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Role and responsibilities
Non-Executive Director
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?
Yes
Shareholding Details
Deemed interest in 24,000,678 shares in the Company held by Ho Lee Group Pte. Ltd.
Past (for the last 5 years)
Autotrax International Pte. Ltd.
Durabeau Industries Pte Ltd
LH Aluminium Industries Pte. Ltd.
Autovox Korea Co., Ltd.
Almex Technology Pte Ltd
Durawall Technology Pte Ltd
14 Hectares Pte. Ltd.
Dietionary Farm Holding Pte. Ltd.
Evia Aviation Pte. Ltd.
Evia Real Estate (2) Pte. Ltd.
Evia Real Estate (3) Pte. Ltd.
Evia Real Estate (5) Pte. Ltd.
Evia Real Estate (6) Pte. Ltd.
Evia Real Estate (7) Pte. Ltd.
Evia Real Estate Management Pte. Ltd.
Evia Real Estate Pte. Ltd.
KTM Investments Holding Pte. Ltd.
LHF Investments Pte. Ltd.
7000 AMK Pte. Ltd.
Ban Kim Lee Development Pte Ltd
Jinwoo Industry LLC
LE Group Holdings Limited
Lithan Genovate (Thailand) Co Ltd
Viva Asset Management Pte. Ltd.
Viva Industrial Trust Management Pte. Ltd.
Present
Elite Partners Capital Pte Ltd
Ho Lee Properties (UK) Pte Ltd
Anchorvale Pte Ltd
Marco Polo Marine Ltd.
Unique Invesco Pte. Ltd.
TPSC Asia Group Holding Limited
Clear Vision Ventures Limited
Fortune Knight International Limited
Ho Lee Plumbing Pte. Ltd.
HLG Investment Holdings Pte. Ltd.
Orion Gold Investments Limited
First Harvest Enterprises Limited
TPSC Asia Pte. Ltd.
TPSC Holdings Pte. Ltd.
HLMG Holdings Pte. Ltd.
AMB Incheon Distribution Center 1 Ltd
AMB Incheon Logistics Facility Ltd
Viva Investment Management Pte. Ltd.
Serangoon EC Pte. Ltd.
Huge Development Pte. Ltd.
Warehouse@Tuas Pte. Ltd.
Wee Poh Construction Co. (Pte.) Ltd.
Thealternative Pte. Ltd.
Ho Seng Lee Realty Pte Ltd
AMK Food Court Pte Ltd
Ho Lee Development Pte Ltd
Ho Lee Properties Pte Ltd
Ho Lee Industrial Pte Ltd
Ho Seng Lee Construction Pte. Ltd.
Logistics Engineering Pte Ltd
Ho Lee Group Pte Ltd
Khai Wah Development Pte Ltd
Ho Lee Construction Pte Ltd
Ho Lee Machinery Pte Ltd
Ho Seng Lee Industries Pte Ltd
Teck Lee Holdings Pte Ltd