Change - Announcement of Cessation::Announcement of Cessation of an Executive Officer of ISDN Group

Issuer & Securities

Issuer/ Manager
ISDN HOLDINGS LIMITED
Securities
ISDN HOLDINGS LIMITED - SG1S48927937 - I07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2022 17:29:02
Status
New
Announcement Sub Title
Announcement of Cessation of an Executive Officer of ISDN Group
Announcement Reference
SG220331OTHRG3T8
Submitted By (Co./ Ind. Name)
Teo Cher Koon
Designation
President and Managing Director
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of an Executive Officer of ISDN Group

Additional Details

Name Of Person
Mr Chow Ka Man
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
01/04/2022
Detailed Reason (s) for cessation
As part of the Group's restructuring exercise, Mr Chow Ka Man ("Mr Chow"), an executive officer of the Group, the vice president of Hong Kong operations will cease to be an executive officer of the Group. Mr Chow will remain as the vice president of Hong Kong operations of Servo Dynamics (H.K.) Limited ("SD HK") after his cessation as the executive officer of the Group.
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
22/11/2005
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Vice President - Hong Kong operations
Role and responsibilities
Mr Chow joined the Group as a sales manager of SD HK in February 1995 and was appointed as an executive officer of the Group on 22 November 2005. Mr Chow is in charge of the day-to-day operations of SD HK and is responsible for the sales and service engineering of the motion control systems that we provide in Hong Kong. Mr Chow will continue to serve as a vice president, Hong Kong operations, of SD HK after his cessation as an executive officer of the Group.
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
2,000
Past (for the last 5 years)
Nil
Present
Nil