Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
INFINIO GROUP LIMITED
Securities
INFINIO GROUP LIMITED - SG2G63000001 - 5G4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Mar-2018 18:05:32
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG180329OTHRZIP9
Submitted By (Co./ Ind. Name)
Soong Kar Leong
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared
by the Company and its contents have
been reviewed by the Company's sponsor,
PrimePartners Corporate Finance Pte.
Ltd. (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. Joseph Au, Associate Director,
Continuing Sponsorship (Mailing address:
16 Collyer Quay, #10-00 Income at
Raffles, Singapore 049318 and E-mail:
sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Lim Yeow Sun
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2018
Detailed Reason (s) for cessation
To pursue personal interests and other opportunities.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Lim Yeow Sun as the Executive Director.
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
13/03/2014
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Business development initiatives and day-to-day operational matters of the Company and subsidiaries and such other matters, duties and responsibilities as required from time to time.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest - 58,283,333 ordinary shares
Past (for the last 5 years)
1. Asian Venture Group Pte. Ltd.
2. Atara Jewellery Pte. Ltd.
3. Netspace Pte. Ltd.
4. Summit Light Ventures Ltd
5. Roomwise Holdings Pte. Ltd.
Present
1. Karats Pte. Ltd.
2. Onegame Pte. Ltd.
3. Infinio Resources Pte. Ltd.