Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
SINCAP GROUP LIMITED
Securities
SINCAP GROUP LIMITED - SG2F03983689 - 5UN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Nov-2016 18:05:07
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG161108OTHR067A
Submitted By (Co./ Ind. Name)
Chu Ming Kin
Designation
Chairman & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (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 Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone +65 6229 8088.

Additional Details

Name Of Person
Bay Cheow Guan David
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
07/11/2016
Detailed Reason (s) for cessation
Focus on own business.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Bay Cheow Guan David as an 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
06/04/2015
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee and a member of Audit and Risk Committee and Remuneration Committee.
Role and responsibilities
To perform the functions of an Independent Director and fulfilling duties and responsibilities as Chairman of Nominating Committee and a member of Audit and Risk Committee and Remuneration Committee.
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
8,500,000
Past (for the last 5 years)
CDI Energy Resources Pte. Ltd.
Imperium Crown Limited
Present
CDI Holding Pte. Ltd.
Communication Design International (Singapore) Pte. Ltd.
Local Global Exhibition & Trade Pte. Ltd.
Arcadier Investors (2014A) Pte. Ltd.