Change - Announcement of Cessation::Cessation of an Independent Director who is a Chairman of the NC and a member of the AC

Issuer & Securities

Issuer/ Manager
ZICO HOLDINGS INC.
Securities
ZICO HOLDINGS INC. - MYA007968003 - 40W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2016 19:40:22
Status
New
Announcement Sub Title
Cessation of an Independent Director who is a Chairman of the NC and a member of the AC
Announcement Reference
SG160422OTHRBTF2
Submitted By (Co./ Ind. Name)
Cheah Ching Gaik
Designation
Head of Legal
Effective Date and Time of the event
22/04/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of an Independent Director who is a Chairman of the Nominating Committee and a member of the Audit Committee.

ZICO Holdings Inc. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 11 November 2014. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income At Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Ng Quek Peng
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2016
Detailed Reason (s) for cessation
Mr Ng has decided to retire as the Company's Independent Director, to devote more time and attention to his other work commitments.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Ng Quek Peng as the 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
07/08/2014
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and member of the Audit Committee.
Role and responsibilities
Usual duties of an Independent Director, Chairman of the Nominating Committee and member of the Audit Committee, 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?
Yes
Shareholding Details
149,000 ordinary shares
Past (for the last 5 years)
GMR Coal Resources Pte. Ltd.
GMR Infrastructure (Singapore) Pte. Limited
Island Power Intermediary Pte Ltd
Lion Energy (Tuas) Pte. Ltd.
Mapletree Logistics Trust Management Ltd.
Pacificlight Energy Pte. Ltd.
Pacificlight Power Pte, Ltd.
Universal Resource and Services Liimted
Present
Asia Pacific Port Holdings Pte. Ltd.
Halycon Capital Pte. Ltd.
Otto Marine Limited
Japfa Ltd.