Change - Announcement of Cessation::RETIREMENT OF DIRECTOR AND NON-EXECUTIVE CHAIRMAN

Issuer & Securities

Issuer/ Manager
ICP LTD.
Securities
ICP LTD - SG2G87000003 - 5I4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Oct-2019 20:10:17
Status
New
Announcement Sub Title
RETIREMENT OF DIRECTOR AND NON-EXECUTIVE CHAIRMAN
Announcement Reference
SG191029OTHRDMS2
Submitted By (Co./ Ind. Name)
SHIRLEY LIM GUAT HUA
Designation
COMPANY SECRETARY
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, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the SGX-ST.

The Company's Sponsor has not independently verified the contents of this announcement. 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:-

Name: Mr. Nathaniel C.V., Registered Professional, RHT Capital Pte. Ltd.
Address: 9 Raffles Place #29-01, Republic Plaza Tower 1, Singapore 048619.
Tel: 6381 6757

Additional Details

Name Of Person
Aw Cheok Huat
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
29/10/2019
Detailed Reason (s) for cessation
Mr. Aw Cheok Huat ("Mr. Aw") retired from the Board at the conclusion of the Company's Annual General Meeting held on 29 October 2019 ("AGM"). Mr. Aw is of the view that the Group is stable and he is currently streamlining his work portfolio.

The Sponsor is satisfied that, save as disclosed in this announcement, there are no material reasons for the retirement of Mr. Aw as Director and Non-Executive Chairman 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
19/12/2012
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Non-Executive Chairman
Role and responsibilities
Non-Executive Chairman of the Board
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Aw Ming-Yao Marcus, Executive Director of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
ICP Ltd. - Deemed Interest: 647,627,900 shares
MHI MY 1 Pte. Ltd. - Direct Interest: 139 shares
Past (for the last 5 years)
Please refer to Annexure A attached.
Present
Please refer to Annexure A attached.

Attachments