Change - Announcement of Cessation::Cessation of Non-Executive and Non-Independent Director of the Company - Datuk Lim

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Mar-2021 21:18:24
Announcement Sub Title
Cessation of Non-Executive and Non-Independent Director of the Company - Datuk Lim
Announcement Reference
Submitted By (Co./ Ind. Name)
Hong Kah Ing
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Datuk Lim Kean Tin as Non-Executive and Non-Independent Director of the Company

The information set out herein in respect of Datuk Lim Kean Tin is based on information available to the Company and to the best belief and knowledge 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 ("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
Datuk Lim Kean Tin
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Datuk Lim Kean Tin has failed to attend more than two Board meetings in succession without special leave of absence from the Board. Pursuant to Regulation 102(viii) of the Company's Constitution, Datuk Lim has ceased to be a 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
If Yes, Please provide full details
See above - Detailed Reason(s) for cessation
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
See above - Detailed Reason(s) for cessation
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Role and responsibilities
To assume the duties and responsibilities as Non-Executive Non-Independent Director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Datuk Lim has a direct interest of 8,252,400 ordinary shares in the Company.
Past (for the last 5 years)
Home Ray Development Sdn. Bhd.
KTG Marketing Sdn. Bhd.
Jadex Capital Sdn. Bhd.
Arena Progresif Sdn. Bhd.
21st Century Maritime Silk Road Foundation
Quality Paradise Sdn. Bhd.
Paras Irama Sdn. Bhd.
KTG Development Sdn. Bhd.
Jadex Land Sdn. Bhd.
KTG Education Group Sdn. Bhd.
International Institute of Science Mantin Sdn. Bhd.
KTG Agriculture Sdn. Bhd.
D Ehsan KTG Holding Sdn. Bhd.
Axis Goldyear Sdn. Bhd.