Change - Announcement of Cessation::Resignation of Independent Director and Chairman

Issuer & Securities

Issuer/ Manager
NEW SILKROUTES GROUP LIMITED
Securities
NEW SILKROUTES GROUP LIMITED - SG1CE0000004 - BMT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jul-2020 21:14:45
Status
New
Announcement Sub Title
Resignation of Independent Director and Chairman
Announcement Reference
SG200724OTHRHJSB
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director and Chairman.

Additional Details

Name Of Person
Pao Kiew Tee
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
01/08/2020
Detailed Reason (s) for cessation
Retirement.
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
31/10/2016
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Chairman
Chairman of Audit and Risk Committee
Member of Nominating Committee
Member of Remuneration Committee
Role and responsibilities
Roles and responsibilities of an independent director, the chairman of the Board, the chairman of the Audit and Risk Committee, a member of the Nominating Committee and a member of the 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?
No
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