Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
MS HOLDINGS LIMITED
Securities
MS HOLDINGS LIMITED - SG1AE1000007 - 40U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2019 19:23:17
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG191230OTHRHVM8
Submitted By (Co./ Ind. Name)
Yap Chin Hock
Designation
Executive Director and Chief Executive Officer
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 has been reviewed by the Company s sponsor, United Overseas Bank Limited (the "Sponsor"), for compliance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. 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 Chia Beng Kwan, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898.

Additional Details

Name Of Person
Crane Charoenratchadej
Age
33
Is effective date of cessation known?
Yes
If yes, please provide the date
02/01/2020
Detailed Reason (s) for cessation
To pursue personal interests. The Sponsor after having interviewed Mr Crane Charoenratchadej ("Mr Crane") is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Crane.
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
10/03/2017
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)
3
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.)
Independent Director, Member of Audit, Nominating and Remuneration Committees
Role and responsibilities
Independent Director, Member of Audit, Nominating and Remuneration 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)
Sylvia & Luka Co., Ltd, Thailand
Present
Ek Crane Logistics Co., Ltd, Thailand
Pettel Service Co., Ltd, Thailand
EKC Supplement Co., Ltd, Thailand