Change - Announcement of Cessation::Cessation of Tai Ho Yan as Executive Director
Issuer & Securities
SYNAGIE CORPORATION LTD.
SYNAGIE CORPORATION LTD. - SGXE31442804 - V2Y
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Tai Ho Yan as Executive Director
Submitted By (Co./ Ind. Name)
Lim Chuan Poh
Non-Executive and Independent Chairman
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 Singapore Exchange Securities Trading Limited (the "SGX-ST"). The 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 Mr Khong Choun Mun - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, email@example.com
Name Of Person
Tai Ho Yan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
It is a condition in the sale and purchase agreement dated 5 August 2020, which the Company had entered into with Synagistics Pte. Ltd., as a purchaser, and Metadrome Ltd., as a guarantor to the Company, that Ms Tai Ho Yan resigns from her position as an Executive Director of the Company immediately upon the completion of the disposal of the entire e-commerce, e-commerce enabler and logistics business (including the technology and business solutions in relation to the foregoing) of the Group by the Company.
Accordingly, in light of the fact that completion of the disposal of the entire e-commerce, e-commerce enabler and logistics business (including the technology and business solutions in relation to the foregoing) of the Group by the Company had taken place on 5 November 2020, Ms Tai Ho Yan has resigned from her position as an Executive Director of the Company with immediate effect.
After having interviewed Ms Tai Ho Yan and to the best of its knowledge, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Tai Ho Yan as an 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.)
Role and responsibilities
Executive. Ms Tai Ho Yan is responsible for the operations of the Group's e-commerce and e-logistics segments.
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?
9,056,250 ordinary shares of the Company
Past (for the last 5 years)
Synagie Corporation Ltd.
Neugen Private Limited
BTFL Pte. Ltd.
Synagie Sdn Bhd
Synagie (Vietnam) Company Ltd
Synagie (Thailand) Ltd
Synagie Hong Kong Limited
Synagie Corporation (Thailand) Limited
Venture Lab Pte. Ltd.
PT Synagie E-Commerce Indonesia