Change - Announcement of Cessation::RETIREMENT OF A DIRECTOR

Issuer & Securities

Issuer/ Manager
GS HOLDINGS LIMITED
Securities
GS HOLDINGS LIMITED - SG1CF0000001 - 43A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2019 19:00:39
Status
New
Announcement Sub Title
RETIREMENT OF A DIRECTOR
Announcement Reference
SG190426OTHROJXC
Submitted By (Co./ Ind. Name)
PANG POK
Designation
EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by GS Holdings Limited ("Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lan Kang Ming, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
LEE DAH KHANG
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2019
Detailed Reason (s) for cessation
Due to personal time commitment, Mr Lee Dah Khang ("Mr Lee") has opted not to seek re-election as a Director of the Company at the Company's Annual General Meeting held earlier today. Other than as disclosed in this announcement, there are no other reasons for the cessation of Mr Lee as a Director of the Company.

The Company's sponsor, UOB Kay Hian Private Limited, after having interviewed Mr Lee, is not aware of any other material reasons for the retirement of Mr Lee 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?
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
01/07/2016
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit and Risk Committee and member of the Nominating Committee and Remuneration Committee.
Role and responsibilities
Mr Lee served as an Independent Director of the Company. His role is to exercise independence, objective judgement on business affairs of the Company. Together with the other independent directors, they act as a check and balance on the Company's management.
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
42,000 shares in GS Holdings Limited
Past (for the last 5 years)
1. Pteris Global Limited
2. Shinvest Holding Ltd (f.k.a. Eastgate Technology Ltd.)
Present
1. Orion Management Consulting Pte. Ltd.
2. Acumen Consultants Pte. Ltd.
3. Orion Information Systems Pte. Ltd.
4. Orion BPO Pte. Ltd.
5. Yang Lee Consulting Pte. Ltd.
6. LY Corporation Limited