Change - Announcement of Cessation::Retirement of Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
NEO GROUP LIMITED
Securities
NEO GROUP LIMITED - SG2E97983414 - 5UJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jul-2018 18:02:35
Status
New
Announcement Sub Title
Retirement of Non-Independent Non-Executive Director
Announcement Reference
SG180726OTHR8EX1
Submitted By (Co./ Ind. Name)
Neo Kah Kiat
Designation
Chairman & Chief Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Independent Non-Executive Director;

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor" ), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST"), Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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. The contact particulars are 50 Raffles Place #09-01 Singapore Land Tower Singapore 048623, telephone: +65 6337 5115.

Additional Details

Name Of Person
Wong Hin Sun, Eugene
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2018
Detailed Reason (s) for cessation
Retirement as Non-Independent Non-Executive Director at the 6th Annual General Meeting of the Company held on 26 July 2018 to facilitate the board succession and renewal process as well as complying the requirements of the guideline of Code of Corporate Governance 2012 that the independent directors should make up at least half of the Board of Directors where the Chairman and Chief Executive Office is the same person.
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
11/06/2012
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)
3
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.)
Non-Independent Non-Executive Director; members of Audit & Risk Committee, Nominating Committee and Remuneration Committee.
Role and responsibilities
Non-Executive Director
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?
Yes
Shareholding Details
Total deemed Interest of 4,420,000 ordinary shares (3.03%) held by Sirius Venture Capital Pte Ltd and his spouse.
Past (for the last 5 years)
Ajisen (China) Holdings Limited
TMC Education Corporation Ltd
Singapore Kitchen Equipment Limited
Present
Japan Foods Holding Ltd.
Jason Marine Group Limited