Change - Announcement of Cessation::Resignation of Independent Director - Joanne Rose Bruce

Issuer & Securities

Issuer/ Manager
IEV HOLDINGS LIMITED
Securities
IEV HOLDINGS LIMITED - SG2D67974808 - 5TN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Jun-2020 20:52:16
Status
New
Announcement Sub Title
Resignation of Independent Director - Joanne Rose Bruce
Announcement Reference
SG200603OTHRWBJE
Submitted By (Co./ Ind. Name)
Christopher Nghia Do
Designation
President and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Joanne Rose Bruce as Independent Director

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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. Ong Hwee Li, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone (65) 6232 3210.

Additional Details

Name Of Person
Joanne Rose Bruce
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
29/06/2020
Detailed Reason (s) for cessation
Ms Joanne Rose Bruce ("Ms Joanne Bruce") had on 29 May 2020 submitted her resignation as Independent Director of the Company with effect from 29 June 2020. She is resigning to focus on her principal commitments.

The Board of Directors and Management sincerely thank Ms Joanne Bruce for her invaluable contributions, dedication and commitment to the Group during her tenure of service.

SAC Capital Private Limited, after having interviewed Ms Joanne Bruce, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Joanne Bruce as Independent 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
01/03/2019
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)
2
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.)
Independent Director
Member of Risk Committee
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director and member of Risk Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1,725,000 ordinary shares (representing 0.35% shareholding interest) in IEV Holdings Limited
Past (for the last 5 years)
Directorships:
IEV Group Sdn. Bhd.
IEV Energy Sdn. Bhd
IEV Engineering Sdn. Bhd.
IEV Manufacturing Sdn. Bhd.
IEV International Limited
PT IEV Gas
IEV Energy Investment Pte. Limited

Other Principal Commitment:
Nil

Present
Directorships:
Biossentials Limited
Biossentials Sdn. Bhd.
PT Chantara Wellness Bali

Other Principal Commitment:
Nil