Change - Announcement of Cessation::Retirement of Non-Executive Director

Issuer & Securities

Issuer/ Manager
YOMA STRATEGIC HOLDINGS LTD.
Securities
YOMA STRATEGIC HOLDINGS LTD - SG1T74931364 - Z59
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jul-2016 17:58:07
Status
New
Announcement Sub Title
Retirement of Non-Executive Director
Announcement Reference
SG160726OTHRA06H
Submitted By (Co./ Ind. Name)
Melvyn Pun
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Kyi Aye as Non-Executive Director and cessation as a member of Audit and Risk Management Committee, Nominating and Governance Committee and Remuneration Committee.

Additional Details

Name Of Person
Kyi Aye
Age
82
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2016
Detailed Reason (s) for cessation
Mr. Kyi Aye who was re-appointed as a Director at the last annual general meeting to hold office until this annual general meeting held on 26 July 2016 pursuant to Section 153(6) of the Companies Act (Cap. 50) which was in force immediately before 3 January 2016, did not seek re-election at the annual general meeting held on 26 July2016 and retired as a 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
17/08/2006
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and member of the Audit and Risk Management Committee, the Nominating and Governance Committee
and the Remuneration Committee.
Role and responsibilities
Non-Executive Director and member of the Audit and Risk Management Committee, the Nominating and Governance Committee
and the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
221,333 ordinary shares in the Company and options comprising 374,348 ordinary shares.
Past (for the last 5 years)
Nil
Present
First Myanmar Investment Company Limited
Successful Goal Trading Company Limited
Thanlyin Estate Development Limited