Change - Announcement of Cessation::Resignation of Chief Strategy Officer

Issuer & Securities

Issuer/ Manager
ISOTEAM LTD.
Securities
ISOTEAM LTD. - SG2F95994529 - 5WF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Jul-2016 17:24:47
Status
New
Announcement Sub Title
Resignation of Chief Strategy Officer
Announcement Reference
SG160727OTHRECBU
Submitted By (Co./ Ind. Name)
Koh Thong Huat
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
With the resignation of Mr Tan Wei, Mr Koh Thong Huat, the Chief Executive Officer of the Company will assume the responsibilities of Chief Strategy Officer until the replacement comes on board.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Hong Leong Finance Limited for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 Tang Yeng Yuen, Vice President, Head of Corporate Finance, at 16 Raffles Quay, #40-01A Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886.

Additional Details

Name Of Person
Tan Wei
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2016
Detailed Reason (s) for cessation
To pursue other interests.


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
20/11/2015
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Strategy Officer
Role and responsibilities
Responsible for strategic planning, business and corporate development and evaluating and executing the Group's investments and acquisitions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
663,100 ordinary shares in the Company
Past (for the last 5 years)
Pinnacle Ridge Ltd
Present
None