Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION AS INDEPENDENT DIRECTOR

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
11-Aug-2020 18:16:03
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION AS INDEPENDENT DIRECTOR
Announcement Reference
SG200811OTHRYU9W
Submitted By (Co./ Ind. Name)
Arica Walters
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
The sponsor of the Company, CIMB Bank Berhad, Singapore Branch ("Sponsor") is satisfied that there is no other reason for Mr Chow Wen Kwan's cessation as the Company's independent director.

This announcement has been prepared by the Company and its contents have been reviewed by 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 Mr Yee Chia Hsing, Head, Catalist, CIMB Bank Berhad, Singapore Branch, at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: +65 6337 5115.

Additional Details

Name Of Person
Chow Wen Kwan
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
26/08/2020
Detailed Reason (s) for cessation
Chow Wen Kwan has informed the Company that due to his current professional commitments, he does not wish to seek re-election and shall retire as a Director at the forthcoming Annual General Meeting to be held on 26 August 2020.
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)
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 of the Company, Chairman of the Nominating Committee, Member of the Audit Committee and Remuneration Committee
Role and responsibilities
Fulfilling the roles and responsibilities of a Non-executive, Independent Director.

The Company shall source for a suitable replacement for Mr Chow and reconstitute its Board committees. As and when a new independent director is appointed, the Company will release the relevant announcement(s) via SGXNET.
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?
No
Past (for the last 5 years)
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Present
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