Change - Announcement of Cessation::Resignation of Lead Independent Director, Mr Teo Yi-Dar (Zhang Yida)

Issuer & Securities

Issuer/ Manager
ASIA VETS HOLDINGS LTD.
Securities
ASIA VETS HOLDINGS LTD. - SG2B95959500 - 5RE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Sep-2022 21:09:52
Status
New
Announcement Sub Title
Resignation of Lead Independent Director, Mr Teo Yi-Dar (Zhang Yida)
Announcement Reference
SG220927OTHR6XTF
Submitted By (Co./ Ind. Name)
Asia Vets Holdings Ltd./Tan Tong Guan
Designation
Executive Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Lead Independent Director, Mr Teo Yi-Dar (Zhang Yida)

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

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 Ms Leong Huey Miin, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03, Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Teo Yi-Dar (Zhang Yida)
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
27/09/2022
Detailed Reason (s) for cessation
Mr Teo Yi-Dar (Zhang Yida) ("Mr Teo") resigned as the Lead Independent Director of the Company ("Resignation") to devote more time to his other work commitments.

Following the Resignation, Mr Teo has ceased to be the Chairman of the Remuneration Committee as well as a member of the Audit Committee and the Nominating Committee of the Company. The Board and the Nominating Committee is reviewing the composition of the Board as well as the relevant Board Committees and will provide updates to shareholders of the Company in due course.

After having interviewed Mr Teo and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the Resignation.
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
22/02/2013
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.)
Lead Independent Director, Chairman of the Remuneration Committee as well as a member of the Audit Committee and the Nominating Committee
Role and responsibilities
Assumed the roles and responsibilities of the Lead Independent Director, Chairman of the Remuneration Committee as well as a member of the Audit Committee and the Nominating Committee
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
Past (for the last 5 years)
Please refer to Appendix A.
Present
Please refer to Appendix A.

Attachments

Annexure A - Directorships of Mr Teo Yi-dar_Sept2022_updated.pdf
Total size =94K