Change - Announcement of Cessation::Resignation of Executive Chairman

Issuer & Securities

Issuer/ Manager
TRANSCORP HOLDINGS LIMITED
Securities
TRANSCORP HOLDINGS LIMITED - SG1J09885596 - T19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2018 01:20:29
Status
New
Announcement Sub Title
Resignation of Executive Chairman
Announcement Reference
SG180228OTHRQLTA
Submitted By (Co./ Ind. Name)
Kelly Kiar Lee Noi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Goh Chin Soon as the Executive Chairman of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made. The Sponsor is satisfied, based on enquiries made, that there are no reasons for the cessation other than those stated in this announcement.

This announcement has not been examined or approved by the Exchange and the Exchange 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 Liau H.K.
Telephone number: 6221 0271

Additional Details

Name Of Person
Goh Chin Soon
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
27/02/2018
Detailed Reason (s) for cessation
Taking care of own personal matters and also for personal reasons
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
27/06/2016
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
Mr Goh Chin Soon assumes responsibilities for, amongst others, exercising control over quality, quantity and timeliness of information between Management and the Board, and assisting in ensuring compliance with the Company's guideline on corporate governance. He is assisted by Management team in the daily operations and administration of the Group's business activities and in the effective implementation of the Group s business strategies. He is also responsible for the business directions and operational decisions of the Group and steering the strategic direction and growth of the Group's business. He assists the Company in its efforts to identify business opportunities and provides management leadership of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Husband of Mdm Chu Wan Zhen, a controlling shareholder of the Company
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Goh Chin Soon is deemed to be interested in the 70,616,151 shares through his spouse, Mdm Chu Wan Zhen, by virtue of her interest in the Company's shares held by SG Royal Group Pte Ltd.
Past (for the last 5 years)
Nil
Present
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