Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
PSL HOLDINGS LIMITED
Securities
PSL HOLDINGS LTD - SG1CC8000000 - BLL
PSL HOLDINGS W170422 - SG44Q2000008 - BLMW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Nov-2016 19:35:59
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Announcement Reference
SG161121OTHR2UKC
Submitted By (Co./ Ind. Name)
SUCIPTO
Designation
NON-EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR

Additional Details

Name Of Person
WEE PIEW
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2016
Detailed Reason (s) for cessation
Mr Wee Piew has decided to resign as CEO and Executove Director of our Company for personal reasons.
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
23/08/2016
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Role and responsibilities
Executive
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?
No
Past (for the last 5 years)
Zhongguo Pengjie Fabrics Ltd
BRC Asia Ltd
Present
Hosen Group Ltd
Blue Sky Power Holdings Ltd
Miyoshi Ltd