Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
EDITION LTD.
Securities
EDITION LTD. - SG1S42927578 - 5HG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Jun-2020 21:08:11
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG200623OTHRUY64
Submitted By (Co./ Ind. Name)
Ong Boon Chuan
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Lui Seng Fatt as an Independent Director.

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Tay Sim Yee (Telephone: (65) 6232 3210) at 1 Robinson Road, #21-00, AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Lui Seng Fatt
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
23/06/2020
Detailed Reason (s) for cessation
Mr Lui Seng Fatt ("Mr Lui") retired as an Independent Director of the Company by rotation pursuant to Article 91 of the Company's Constitution at the Company's annual general meeting ("AGM") held on 23 June 2020. Mr Lui did not seek re-election as a director of the Company in support of the board renewal plans. Accordingly, Mr Lui ceased to be an Independent Director of the Company at the conclusion of the AGM. Mr Lui also ipso facto ceased to be the Chairman of the Nominating Committee, a member of the Audit Committee and Remuneration Committee.

The Sponsor, having interviewed Mr Lui, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the retirement of Mr Lui 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
21/07/2014
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.)
1) Chairman of the Nominating Committee.
2) Member of Audit Committee and Remuneration Committee.
Role and responsibilities
Non-Executive and Independent Director.
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)
Nil
Present
Strategic Capital Global Pty. Ltd.