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

Issuer & Securities

Issuer/ Manager
CSE GLOBAL LIMITED
Securities
CSE GLOBAL LTD - SG1G47869290 - 544
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Aug-2022 17:34:04
Status
New
Announcement Sub Title
Resignation of Non-Executive Non-Independent Director
Announcement Reference
SG220824OTHRCX0J
Submitted By (Co./ Ind. Name)
Chester Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Non-Independent Director - Mr Lim How Teck

Additional Details

Name Of Person
Lim How Teck
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
24/08/2022
Detailed Reason (s) for cessation
Mr Lim How Teck was nominated as a Board member by our controlling shareholder, Heliconia Capital Management Pte. Ltd. ("Heliconia"). Mr Lim How Teck is stepping down as Chairman of Heliconia. In connection therewith, he will resign as Non-Executive Non-Independent Director of the Company. Consequent to his resignation, Mr Lim How Teck will also be vacating his positions as member of the (i) Audit & Risk; and (ii) Nominating Committees.
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
22/07/2020
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)
6
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.)
Non-Executive Non-Independent Director, Member of Audit & Risk Committee and Nominating Committee
Role and responsibilities
Non-Executive
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)
- ARA LOGOS Logistics Trust Management Limited
- The Foundation for Development Cooperation (Pacific) Ltd
- Swissco Holdings Ltd
- Mewah International Inc
- Public Utilities Board
- Accuron Technologies Ltd
- ARA Asset Management Ltd
- Rickmers Trust Management Pte Ltd
- PNG Sustainable Development Program
- Greenship Offshore Manager Pte Ltd
- 33 Ventures Pte Ltd
- NauticAWT Limited
- The Foundation for Development Cooperation
- Nexusun International Pte. Ltd.
- Yang Kee Logistics (Singapore) Pte Ltd
- Heliconia Capital Management Pte. Ltd.
- Heliconia Holdings Pte. Ltd.
Present
- Redwood International Pte. Ltd.
- Mizuho Securities (Singapore) Pte. Ltd.
- Singapore DTT Corporation Ltd
- Raffles Educational Corporation Limited
- Aetius SEA Acquisition Corp Inc
- Aetherium Acquisition Corp
- FEU International Pte Ltd (Huobi)

Attachments

CSE_Ann_-_Resignation_of_Directors_and_Changes_to_BOD_Composition.pdf
Total size =186K