Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR
Issuer & Securities
INTERNATIONAL PRESS SOFTCOM LIMITED
INTERNATIONAL PRESS SOFTCOM - SG1G93873220 - 571
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
TEH ENG CHAI
Description (Please provide a detailed description of the event in the box below)
CESSATION OF INDEPENDENT DIRECTOR
This announcement has been prepared by the Company and reviewed by the Company's sponsor, CNP Compliance Pte. Ltd., ("Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement including the accuracy or completeness of any of the information disclosed or the correctness of any of the statements or opinions made or reports contained in this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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. Lance Tan at 36 Carpenter Street, Singapore 059915, telephone: (65) 6323 8383, email: firstname.lastname@example.org
Name Of Person
Cheong Poh Kin
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Cheong Poh Kin retired at the Company's Annual General Meeting held on 30 April 2014 due to other work and personal commitment which require his full attention.
Based on its enquiries, the Sponsor is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Cheong Poh Kin as the 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Audit Committee, Member of Remuneration Committee and Nominating Committee.
Role and responsibilities
Acted as Chairman of the Audit Committee, Member of the Remuneration and Nominating Committees in accordance with the Terms of Reference of the respective Committees and as a Board member exercised joint and several responsibilities with the Board of Directors.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
1) LC Ventura (Tampines) Ltd; 2) Deeptro Pte Ltd
1) Chelville Investment Pte Ltd; 2) Chelshire Investment Pte Ltd; 3) Winwave Investment Pte Ltd; 4) Winfame Investment Pte Ltd; 5) Grange Development Pte Ltd; 6) AIA Singapore Pte Ltd (and its affilated companies)