Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
17LIVE GROUP LIMITED
Securities
17LIVE GROUP LIMITED W281207 - KYG9481M1116 - VT2W
17LIVE GROUP LIMITED - KYG8074N1060 - LVR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jan-2024 18:12:08
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG240126OTHRO360
Submitted By (Co./ Ind. Name)
Eunice Hooi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
CESSATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER


DBS Bank Ltd. acted as the sole issue manager for the business combination of Vertex Technology Acquisition Corporation Ltd with 17LIVE Inc.

Additional Details

Name Of Person
Lien Chien-Lin
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
26/01/2024
Detailed Reason (s) for cessation
For personal family reasons.
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
07/12/2023
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Mr. Lien is responsible for the Group's overall operations and strategic direction.
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?
Yes
Shareholding Details
Mr. Lien holds 1,167,728 ordinary shares in the listed issuer.
Past (for the last 5 years)
Nil
Present
- Ichi Nana Inc.
- Next Entertainment Global Holding
- Next Entertainment Limited
- 17LIVE Japan Inc.