Change - Announcement of Cessation::Resignation of Non-Executive and Independent Director - Teo Eu Jin, Nicholas

Issuer & Securities

Issuer/ Manager
SHC CAPITAL ASIA LIMITED
Securities
SHC CAPITAL ASIA LIMITED - SG1EB7000009 - 1H4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Dec-2017 23:43:24
Status
New
Announcement Sub Title
Resignation of Non-Executive and Independent Director - Teo Eu Jin, Nicholas
Announcement Reference
SG171226OTHRAAAQ
Submitted By (Co./ Ind. Name)
Teo Yiam Beng Steven
Designation
Interim Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
There are 6 cessations (taking into account this cessation) and 6 new appointments of directors taking place contemporaneously.

This announcement has been prepared by the Company and its contents have been reviewed by the sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited 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 Ms Gillian Goh, Director, Head of 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
Teo Eu Jin, Nicholas
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
26/12/2017
Detailed Reason (s) for cessation
Further to the circular issued to the Company's shareholders on 20 November 2017 ("Circular"), following Completion of the Proposed Transactions (both terms as defined in the Circular), Mr. Teo Eu Jin, Nicholas has resigned as part of the reconstitution of the composition of the Board of Directors of the Company.

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. Teo Eu Jin, Nicholas 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?
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
01/08/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director

Member of Audit Committee
Chairman of Nominating Committee
Member of Remuneration Committee
Role and responsibilities
Perform functions of a Non-Executive and Independent Director, Chairman of Nominating Committee and a member of the Audit Committee and Remuneration Committee.
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?
No
Past (for the last 5 years)
None
Present
None