Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
SPACKMAN ENTERTAINMENT GROUP LIMITED
Securities
SPACKMAN ENTERTAINMENT GRP LTD - SG1AB0000004 - 40E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Jun-2022 21:42:42
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG220620OTHRUCPE
Submitted By (Co./ Ind. Name)
Noraini Latiff
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

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 Mah How Soon, Registered Professional, at 6 Raffles Quay #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Ng Hong Whee
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
20/07/2022
Detailed Reason (s) for cessation
To devote more time to other corporate endeavours, for the Company to refresh the Board and to improve on the Board's capabilities and diversity as Mr Ng Hong Hwee ("Mr Ng") has served as the Company s Director for close to 9 years since he was appointed.

The Board has agreed to accept Mr Ng's resignation as Independent Director of the Company with effect from 20 July 2022 or once a suitable replacement have been found, whichever is earlier. There is no notice period required to be served by him.

Following Mr Ng's resignation, he will relinquish his position as Chairman of the Remuneration Committee, and member of the Audit and Risk Management Committee.

Notwithstanding the above, Mr Ng has agreed to continue to provide relevant assistance with regard to the Independent Review and any follow up issues.

After having interviewed Mr Ng and to the best of its knowledge, the Sponsor, RHT Capital Pte. Ltd is satisfied that save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Ng as Independent Director 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
20/06/2014
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee, and member of the Audit and Risk Management Committee.
Role and responsibilities
Independent Director, Chairman of the Remuneration Committee, and member of the Audit and Risk Management 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?
No
Past (for the last 5 years)
Nil
Present
1. LS 2 Holdings Limited
2. NHW Pte. Ltd.
3. WGP Holdings Pte. Ltd.