Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
PACIFIC STAR DEVELOPMENT LIMITED
Securities
PACIFIC STAR DEVELOPMENT LTD - SG1DE5000007 - 1C5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Jun-2023 21:51:24
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG230613OTHRUHCY
Submitted By (Co./ Ind. Name)
Ying Wei Hsein
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Yeong Wai Cheong as an Independent Director.

Additional Details

Name Of Person
Yeong Wai Cheong
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
13/06/2023
Detailed Reason (s) for cessation
Resignation in view of the upcoming delisting 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
30/08/2019
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and Member of the Audit Committee and Remuneration Committee
Role and responsibilities
Non-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)
Spiron Medical Pte. Ltd.
Present
Spiron Medical Pte. Ltd.