Change - Announcement of Cessation::Retirement of Independent Non-Executive Director - Chin Chee Choon

Issuer & Securities

Issuer/ Manager
VERSALINK HOLDINGS LIMITED
Securities
VERSALINK HOLDINGS LIMITED - SG1AC9000003 - 40N
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Jun-2021 19:01:16
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director - Chin Chee Choon
Announcement Reference
SG210608OTHRJ7JJ
Submitted By (Co./ Ind. Name)
Matthew Law Kian Siong
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of the Retirement of Mr Chin Chee Choon as an Independent Non-Executive Director of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Chin Chee Choon
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
29/06/2021
Detailed Reason (s) for cessation
Mr Chin Chee Choon ("Mr Chin") is retiring from office by rotation pursuant to Article 114 of the Company's Constitution at the forthcoming Annual General Meeting to be held on 29 June 2021 ("AGM"). He has decided not to seek for re-election to the Board of Directors of the Company ("Board") at the forthcoming AGM to facilitate the renewal of the Board due to his long tenure service with the Company since he was appointed as the Independent Non-Executive Director of the Company in August 2014 for purpose of the initial public offering and listing of the Company on the Singapore Exchange.

Accordingly, Mr Chin will retire as an Independent Non-Executive Director of the Company at the conclusion of the forthcoming AGM. Upon his retirement, he will also cease to be the Chairman of the Board and the Audit Committee, and a member of the Nominating Committee and the Remuneration Committee of the Company.

After having interviewed Mr Chin and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Chin as an Independent Non-Executive Director 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
21/08/2014
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)
0
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.)
Independent Non-Executive Director, Chairman of Board, Chairman of Audit Committee, and Member of Nominating Committee and Remuneration Committee
Role and responsibilities
Roles and responsibilities of Independent Non-Executive Director, Chairman of Board, Chairman of Audit Committee, and a Member of Nominating Committee and Remuneration Committee
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)
a. Choo Chiang Holdings Ltd
b. Attain Analytics Pte Ltd
Present
a. Allied Technologies Ltd
b. Southern Alliance Mining Ltd
c. NTS Asia Advisory Sdn Bhd
d. AccessGlobal Pte Ltd