Change - Announcement of Cessation::CESSATION AS EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Issuer & Securities
DRAGON GROUP INTL LIMITED
DRAGON GROUP INTL LIMITED - SG2C50963991 - MT1
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION AS EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Submitted By (Co./ Ind. Name)
DR DANEIL YEOH GHEE CHONG
Description (Please provide a detailed description of the event in the box below)
DATO' MICHAEL LOH RESIGNS AS EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF THE COMPANY WITH EFFECT FROM 7 APRIL 2020.
Name Of Person
LOH SOON GNEE
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To spend more time with family.
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?
Any other relevant information to be provided to shareholders of the listed issuer?
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.)
Executive Chairman and Chief Executive Officer
Role and responsibilities
Provides input on broad strategic directions for the Company
Manages the daily running of the business
Leads the Board to ensure its effectiveness on all aspects of its role
Ensures an accurate, timely and clear flow of information to the Directors, promoting a culture of openness and debate at the Board
Ensures effective communication with shareholders, encouraging constructive relations between the Board and Management
Facilitates effective contribution of the Independent Directors and promoting high standards of corporate governance.
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?
142,579,302 shares deemed held by virtue of being a substantial shareholder of ASTI Holdings Limited, the holding company of the Company.
Past (for the last 5 years)
Prosem Technology Sdn. Bhd.
Semiconductor Technologies & Instruments Pte Ltd
Technollis Sdn Bhd
Flexcomm Capital Pte. Ltd.
ASTI (USA) Inc.
Telford Industries Pte Ltd
Dragon Venture Limited
Advanced Systems Automation Limited
FlexPro (H.K.) Limited
Nanjing Dragon Treasure Boat Development Co., Ltd
Jiangsu Longjiang Ship Building Co., Ltd.
Procross Technology Sdn. Bhd.
ASTI Holdings Limited
Dragon Group International Limited
Dragon Hill Technology Limited
O2IC Co., Ltd., Korea
Dragon Technology Asia Pacific Group Corp.
Dragon Asia Pacific Group Corporation