Change - Announcement of Cessation::Cessation of Lead Independent Director and Chairman of Audit Committee

Issuer & Securities

Issuer/ Manager
JASPER INVESTMENTS LIMITED
Securities
JASPER INVESTMENTS LIMITED - SG1W79939920 - FQ7

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jul-2014 17:27:09
Status
New
Announcement Sub Title
Cessation of Lead Independent Director and Chairman of Audit Committee
Announcement Reference
SG140725OTHRTIGT
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Name Of Person
David Chia
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
25/07/2014
Detailed Reason (s) for cessation
Retirement from the Board of Directors at Annual General Meeting pursuant to Article 91 of the Company's Articles of Association.

Mr David Chia has informed the Board of Directors that he did not wish to stand for re-election following his retirement from the Board of Directors at the Annual General Meeting due to personal and work commitments.
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
28/05/2008
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)
1
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.)
Lead Independent Director
Chairman of Audit Committee
Member of Remuneration Committee and Nomination Committee
Role and responsibilities
Lead Independent Director
Chairman of Audit Committee
Member of Remuneration Committee and Nomination Committee
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?
Yes
Shareholding Details
1,375,000 shares and 5,000,000 share options to subscribe for ordinary shares in the Company
Past (for the last 5 years)
Avaplas Limited, Albedo Limited, Sei Woo Technologies Limited, Apex Systems Pte Ltd, GlobeOne Resources Pte Ltd, PalmOne Oil Pte Ltd
Present
BH Global Corporation Limited, AXIA Equity Pte. Ltd., CSC Nutrigenomics Pte. Limited, MR Advisors Pte. Ltd., Popular Holdings Limited