Change - Announcement of Cessation::Retirement of Independent Director
Issuer & Securities
NEO GROUP LIMITED
NEO GROUP LIMITED - SG2E97983414 - 5UJ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Independent Director
Submitted By (Co./ Ind. Name)
Neo Kah Kiat
Chairman and Chief Executive Officer
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,
CIMB Bank Berhad, Singapore Branch (the
"Sponsor"), for compliance with the relevant
rules of 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
assume 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.
Yee Chia Hsing, Head, Catalist. The contact
particulars are 50 Raffles Place #09-01
Singapore Land Tower Singapore 048623,
telephone: +65 63375115
Name Of Person
Ng How Hwan, Kevin
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Ng How Hwan, Kevin has voluntarily retired as Independent Director of the Company at the conclusion of the Eighth Annual General Meeting and will not be seeking for re-election. Mr Ng accordingly relinquished his position as Chairman of the Remuneration Committee and member of the Nominating Committee and Audit and Risk Committee respectively.
Based on its enquiries, the Company's sponsor, CIMB Bank Berhad, Singapore Branch is satisfied that save as disclosed in this announcement, there is no other material reason for the cessation of Mr Ng How Hwan, Kevin as 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Remuneration Committee Chairman, Member of Audit and Risk Committee and Nominating Committee
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
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Interbev (Singapore) Limited
Oishi F&B (Singapore) Pte. Ltd.
Interbev Timor Unipessoal LDA
International Beverage Holdings Limited USA, Inc