Change - Announcement of Cessation::Resignation of Independent Director (Mr Robert Gustav Malmstrom)

Issuer & Securities

Issuer/ Manager
YUUZOO CORPORATION LIMITED
Securities
YUUZOO CORPORATION LIMITED - BMG9884X1020 - AFC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2018 21:27:04
Status
New
Announcement Sub Title
Resignation of Independent Director (Mr Robert Gustav Malmstrom)
Announcement Reference
SG180427OTHRNWJH
Submitted By (Co./ Ind. Name)
Mohandas
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Robert Gustav Malmstrom as Independent Director of the Company.

Additional Details

Name Of Person
Robert Gustav Malmstrom
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2018
Detailed Reason (s) for cessation
Mr Robert Gustav Malmstrom has informed the Company that the fact that the operations of the Company are located outside of the country where Mr Malmstrom resides, which means Mr Malmstrom has limited possibilities to contribute to the Company to the extent he would want to, has led to his 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
02/10/2017
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and a member of the Audit and Governance Committee
Role and responsibilities
Non-Executive.
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?
No
Past (for the last 5 years)
None
Present
Finance Link Oy