Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
USP GROUP LIMITED
Securities
USP GROUP LIMITED - SG1CH0000007 - BRS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Aug-2019 08:14:30
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG190802OTHRQ4ZE
Submitted By (Co./ Ind. Name)
Nah Ee Ling
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Mr Wong Peng Wai has submitted his notice of resignation on 31 July 2019 and his effective date of cessation will be 6
August 2019.

Additional Details

Name Of Person
Wong Peng Wai
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
06/08/2019
Detailed Reason (s) for cessation
Mr Wong has requested to resign to pursue other interests.
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
02/01/2019
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)
2
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.)
Independent Director and member of audit, remuneration and nominating committee.
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Zionview Investments Pte Ltd
Giantway Management Limited
Present
GGL Limited