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

Issuer & Securities

Issuer/ Manager
FIRST SPONSOR GROUP LIMITED
Securities
FIRST SPONSOR GROUP LIMITED - KYG3488W1078 - ADN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Feb-2017 06:46:39
Status
New
Announcement Sub Title
Cessation of Non-Executive Independent Director
Announcement Reference
SG170207OTHRZPAJ
Submitted By (Co./ Ind. Name)
Neo Teck Pheng
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Independent Director

Additional Details

Name Of Person
Hwang Han-Lung Basil
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
06/02/2017
Detailed Reason (s) for cessation
To devote his time to his 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
19/05/2014
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director and the Chairman of the Remuneration Committee.
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Group Companies
===============
Daohe Global Group Limited and its subsidiaries (formerly known as Linmark Group Limited)

Other Companies
==============
Hong Kong Wing Yue Asset Management Limited
Association of Corporate Growth Limited
Dechert (Hong Kong) Limited
Present
Group Companies
===============
1) FS Investment Holdings Limited
2) FS MPS (PTC) Limited
3) FS Euro Capital Limited

Other Companies
==============
Singapore Chamber of Commerce (Hong Kong)
China Holdings Limited
Access Capital Management Limited
Magic Glow Limited