Change - Announcement of Cessation::Demise of Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
SP CORPORATION LIMITED
Securities
SP CORPORATION LIMITED - SG1AJ0000007 - AWE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Mar-2020 08:42:59
Status
New
Announcement Sub Title
Demise of Non-Executive and Non-Independent Director
Announcement Reference
SG200330OTHRSESP
Submitted By (Co./ Ind. Name)
Tan Sock Kiang
Designation
Group Company Secretary
Description (Please provide a detailed description of the event in the box below)
Demise of Mr David Lee Kay Tuan and his cessation as Non-Executive and Non-Independent Director.

Additional Details

Name Of Person
David Lee Kay Tuan
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
28/03/2020
Detailed Reason (s) for cessation
Mr David Lee Kay Tuan passed away on 28 March 2020.
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
01/08/2018
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Member of the Audit & Risk Committee
Role and responsibilities
Non-Executive and Non-Independent Director
Member of the Audit & Risk Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr David Lee Kay Tuan is a brother-in-law of Mr William Nursalim alias William Liem who is the Interim Executive Director and a deemed substantial shareholder of the Company.

He is also the spouse of Ms Michelle Liem Mei Fung who is a deemed substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interests in 28,146,319 ordinary shares of SP Corporation Limited held by Tuan Sing Holdings Limited.
Past (for the last 5 years)
Please refer to Appendix A attached.
Present
Please refer to Appendix A attached.

Attachments

200330_Appendix_A_Directorships_DL.pdf
Total size =58K