Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR - LIM CHEE SAN
Issuer & Securities
SOON LIAN HOLDINGS LIMITED
SOON LIAN HOLDINGS LIMITED - SG1W36938981 - 5MD
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR - LIM CHEE SAN
Submitted By (Co./ Ind. Name)
Tan Yee Ho
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Lim Chee San as an Independent Non-Executive Director.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by 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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Name Of Person
Lim Chee San
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To facilitate the renewal of the Board with a change in the leadership of the Company, Mr Lim Chee San ("Mr Lim") informed that he does not wish to seek re-election and will retire as Independent Non-Executive Director of the Company at the close of the Company's Annual General Meeting to be held on 19 May 2020. Upon Mr Lim's retirement, he will also cease to be the Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee of the Company.
After having interviewed Mr Lim and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Lim as an 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?
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 the Nominating Committee and a member of the Audit Committee and the Remuneration Committee.
Role and responsibilities
Assumed the roles and responsibilities of the Independent Non-Executive Director, Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee.
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. Hupsteel Pte. Ltd.
2. Fujiyama Pte. Ltd. (Struck off)
1. Panaudit Business Services Pte Ltd
2. Pan Services Pte Ltd
3. Rees Property Consultants Pte Ltd
4. TanLim Partnership
5. Blackgold Natural Resources Limited