Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
KATRINA GROUP LTD.
Securities
KATRINA GROUP LTD. - SG1DA5000005 - 1A0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Aug-2019 17:27:16
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG190830OTHR01PT
Submitted By (Co./ Ind. Name)
Alan Goh Keng Chian
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Please see the below.

Additional Details

Name Of Person
Eric Low Siak Meng
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2019
Detailed Reason (s) for cessation
Mr Eric Low Siak Meng has decided to resign as an Independent Director due to personal reasons. However, he has accepted the appointment of Advisor to the Company effective 1 September 2019.

Based on its enquiries, the Company's Sponsor, Hong Leong Finance Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Eric Low Siak Meng as an Independent Director of Katrina Group Ltd.
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
29/06/2016
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee, and Member of Remuneration and Audit Committees.
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Aptitude Management Consulting Pte. Ltd.
Present
Generic Consulting Pte. Ltd.
Aces Crowdfund (SG) Pte. Ltd.