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

Issuer & Securities

Issuer/ Manager
CHARISMA ENERGY SERVICES LIMITED
Securities
CHARISMA ENERGY SERVICES LTD - SG2B54957198 - 5QT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Oct-2023 20:17:42
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG231003OTHRYPO9
Submitted By (Co./ Ind. Name)
Tan Ser Ko
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Cheng Yee Seng as an Independent Non-Executive Director of the Company.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Center, Singapore 049318, sponsorship@ppcf.com.sg.


Additional Details

Name Of Person
Cheng Yee Seng
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
03/10/2023
Detailed Reason (s) for cessation
Mr Cheng Yee Seng is stepping down as an Independent Non-Executive Director of the Company for reasons relating to his family matters and personal endeavours.

Due to the family related matter above, Mr Cheng was unavailable for the interview. The Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., will conduct the interview with Mr Cheng in due course.
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
16/05/2011
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Remuneration Committee.

A member of Audit Committee and a member of Nominating Committee
Role and responsibilities
Chairman of the Remuneration Committee.

A member of Audit Committee and a member of Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
10,000,000 options to subscribe for ordinary shares of the Company
Other Directorships
Past (for the last 5 years)
1. Enzer Corporation Ltd. (n.k.a Vallianz Holdings Limited)
2. Penguin International Ltd
3. Modz Pte. Ltd.
Present
-