Change - Announcement of Cessation::Cessation of Independent Non-Executive Director
Issuer & Securities
STARLAND HOLDINGS LIMITED
STARLAND HOLDINGS LIMITED - SG2E72981474 - 5UA
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Non-Executive Director
Submitted By (Co./ Ind. Name)
Peng Peck Yen
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Low Wai Cheong as Independent Non-Executive Director.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Lan Kang Ming, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 65906881.
Name Of Person
Low Wai Cheong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Low Wai Cheong has retired on his own accord to concentrate on his personal matters.
The Company's sponsor, UOB Kay Hian Private Limited, having interviewed Mr Low Wai Cheong, is not aware of any other materials reasons for the resignation of Mr Low Wai Cheong as the Independent Non-Executive 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?
If Yes, Please provide full details
The Company will be appointing an Independent Director to replace Mr Low and will announce on the reorganisation of its board and board committees (where relevant) in due course.
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 Non-Executive Director, Chairman of Nominating Committee and Risk Management Committee and Member of Audit and Remuneration Committees.
Role and responsibilities
Duties as Independent Non-Executive Director, Chairman of Nominating Committee and Risk Management Committee and Member of Audit and Remuneration Committees.
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. Asia Environment Holdings Limited
2. China Fibretech Ltd