REPL::Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
LIBRA GROUP LIMITED
Securities
LIBRA GROUP LIMITED - SG2D82975475 - 5TR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Aug-2019 12:08:29
Status
Replacement
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG190802OTHRBDQG
Submitted By (Co./ Ind. Name)
Chu Sau Ben
Designation
Executive Chairman, Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of Libra Group Limited (the "Company") refers to the Company's announcement dated 2 August 2019 in relation to the cessation of executive director (the "Previous Announcement").

The Company wishes to clarify that Mr Chu Siow Leong's age is "43" and not "342" as stated in the Previous Announcement.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (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 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 Mr Lay Shi Wei, Registered Professional, RHT Capital Pte. Ltd. at 9 Raffles Place #29-01 Republic Plaza Tower 1 Singapore 048619, telephone (+65) 6381 6757

Additional Details

Name Of Person
Chu Siow Leong
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
02/08/2019
Detailed Reason (s) for cessation
Mr Chu Siow Leong has decided to focus on his work commitments.

Based on its enquiries, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Chu Siow Leong as Executive Director of Libra Group Limited.
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
31/05/2018
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Diligently perform such duties and exercise such powers in relation to the Company and its business as may from time to time be assigned to him by or under the authority of the Board of Directors of the Company or vested in the Director and shall comply with all regulations and directions made by or under the authority of the Board of Directors of the Company from time to time.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chu Siow Leong is the brother of the Company's Executive Chairman, Executive Director and Chief Executive Officer, Mr Chu Sau Ben
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Total 21,683 units of Libra Group Limited's shares
Past (for the last 5 years)
NA
Present
NA

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