Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR
Issuer & Securities
OCEAN SKY INTERNATIONAL LIMITED
OCEAN SKY INTERNATIONAL LTD - SG1DD2000002 - 1B6
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR
Submitted By (Co./ Ind. Name)
CHIA YAU LEONG
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director - Chia Yau Leong
This announcement has been prepared by Ocean Sky International Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules 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 and the SGX-ST assumes 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 Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.
Name Of Person
Chia Yau Leong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Chia Yau Leong will not be seeking re-election and will retire as Director of the Company at the conclusion of the forthcoming AGM. Upon the retirement of Mr Chia Yau Leong as the Director of the Company, he will remain as Financial Controller and Secretary of the Company.
The Sponsor, after having interviewed Mr Chia Yau Leong, is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mr Chia Yau Leong as 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.)
Role and responsibilities
Mr Chia Yau Leong is responsible for the overall planning and management of the Group's financial, taxation and corporate governance functions. He also plays an important advisory role towards the formulation of the Group s strategic development plans.
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. TSky Development Pte. Ltd.
2. TSky (Jervois) Pte. Ltd.
3. TSky Balmoral Pte. Ltd.