Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
EDITION LTD.
Securities
EDITION LTD. - SG1S42927578 - 5HG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2024 19:26:01
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240412OTHRN46E
Submitted By (Co./ Ind. Name)
Ong Boon Chuan
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Ms Audrey Mok, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: (65)6232 3210.

Additional Details

Name Of Person
Toh See Kiat
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Dr Toh See Kiat ("Dr Toh") has been serving in the Board of Directors since 19 August 2014. He will be stepping down as the Independent Director, the Chairman of the Board and Remuneration Committee and a member of the Audit and Nominating Committees at the conclusion of the upcoming Annual General Meeting of the Company to be held on 29 April 2024, as part of Board renewal.

The Sponsor, having interviewed Dr Toh, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the retirement of Dr Toh 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?
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?
Yes
If Yes, Please provide full details
The Company will endeavor to fill the vacancy in the Board Committees within 2 months, and in any case, no later than 3 months, to comply with Rule 704(7) of the Catalist Rules.
Date of Appointment to current position
19/08/2014
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1) Chairman of the Board and Remuneration Commitee
2) Member of Audit and Nominating Committees
Role and responsibilities
Independent Director, the Chairman of the Board and Remuneration Committee and a member of the Audit and Nominating Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
AISP (Singapore) Pte Ltd
AISP (Global) Pte Ltd

Present
CommerceNet Singapore Ltd
Goodwins Law Corporation
Kairos Asia Outreach
PAL Learning Pte Ltd
Jus Kitchen LLP
Jus Eat LLP