Change - Announcement of Cessation::Announcement of Cessation of Independent Director who is Chairman of Audit Committee

Issuer & Securities

Issuer/ Manager
JASON HOLDINGS LIMITED
Securities
JASON HOLDINGS LIMITED - SG2F16985390 - 5UU

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2014 17:16:34
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director who is Chairman of Audit Committee
Announcement Reference
SG140430OTHRI6PR
Submitted By (Co./ Ind. Name)
Jason Sim Chon Ang
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 Alex Tan, Chief Executive Officer, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.

Additional Details

Name Of Person
Phua Sian Chin
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2014
Detailed Reason (s) for cessation
Mr Phua Sian Chin retired at the Annual General Meeting of the Company held on 30 April 2014 (the "AGM") and due to personal reasons, he did not seek for re-election at the AGM. Following his retirement, Mr Phua also ceased as Chairman of Audit Committee, and member of the Nominating and Remuneration Committees.

The Company's Sponsor after having interviewed Mr Phua Sian Chin, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the retirement of Mr Phua.
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
26/06/2012
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)
1
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.)
Lead Independent Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees.
Role and responsibilities
Duties of an Independent Director, as well as duties as Chairman of Audit Committee and member of the Nominating and Remuneration Committees as covered in the terms of reference of the respective Committees.
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?
No
Other Directorships
Past (for the last 5 years)
Nil
Present
Oxley Holdings Limited, TEHO Europe B.V.