Change - Announcement of Cessation::Resignation as Executive Director

Issuer & Securities

Issuer/ Manager
AVARGA LIMITED
Securities
AVARGA LIMITED - SG1K55001665 - U09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Mar-2019 17:22:56
Status
New
Announcement Sub Title
Resignation as Executive Director
Announcement Reference
SG190308OTHRNA85
Submitted By (Co./ Ind. Name)
Tong Ian
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation as Executive Director of the Company. All other duties as President, Investments and Power Generation shall remain.

Additional Details

Name Of Person
Khoo Hsien Ming Kevin
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
08/03/2019
Detailed Reason (s) for cessation
In order to re-adjust the board composition to have better balance and diversity within the Board.
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
01/09/2015
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)
2
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.)
Executive Director and President, Investments and Power Generation.
Role and responsibilities
Mr. Khoo Hsien Ming Kevin is responsible for identifying and evaluating new investment opportunities, as well as strategic planning for the Group. He is also the Managing Director of UPP Power (Myanmar) Limited with responsibility for the Group's power plant operations in Myanmar.

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?
No
Past (for the last 5 years)
The Edge Markets Sdn Bhd
The Edge Markets Pte Ltd
Present
Avarga Limited
UPP Power (Myanmar) Limited
UPP-MSP Engineering Limited
Avarga Investment Pte. Ltd.
Avarga (M) Sdn. Bhd.
UPP Pulp & Paper (M) Sdn. Bhd.
UPP Recycled Fibre (M) Sdn. Bhd.
Asia Analytica Sdn Bhd
Asia Analytica Data Sdn Bhd