Change - Announcement of Cessation::Resignation of Mr Teng Chang Yeow as Independent Director

Issuer & Securities

Issuer/ Manager
GCCP RESOURCES LIMITED
Securities
GCCP RESOURCES LIMITED - KYG377411080 - 41T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Oct-2019 22:47:30
Status
New
Announcement Sub Title
Resignation of Mr Teng Chang Yeow as Independent Director
Announcement Reference
SG191001OTHRGTR8
Submitted By (Co./ Ind. Name)
Marilyn Tan Lay Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Teng Chang Yeow as an Independent Director of the Company with effect from 1 October 2019.

Additional Details

Name Of Person
Teng Chang Yeow ("Mr Teng")
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2019
Detailed Reason (s) for cessation
To pursue personal business venture.

After having interviewed Mr Teng and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Teng 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
01/03/2016
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director, Chairman of the Nominating Committee, Member of the Audit Committee and Remuneration 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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Teng holds 19,959,540 shares (representing 1.71%) in the share capital of the Company.
Past (for the last 5 years)
(1) WYNS Agrotech Sdn Bhd
Present
(1) WYNS Consulting Services Sdn Bhd
(2) Telewyn (M) Sdn Bhd
(3) Malmar Resources Pte Ltd