Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
CSE GLOBAL LIMITED
Securities
CSE GLOBAL LTD - SG1G47869290 - 544
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2024 23:21:31
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG240429OTHRFK0P
Submitted By (Co./ Ind. Name)
Eunice Hooi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director and Board Chairman

Additional Details

Name Of Person
Lim Ming Seong
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
As Resolution 3 on the re-election of Mr Lim Ming Seong as a Director was not carried at the Annual General Meeting held on 29 April 2024 (the "AGM"), Mr Lim retired from his office as a Director at the conclusion of the AGM. Consequently, he relinquished the positions of Board Chairman, Chairman of Compensation Committee, Chairman of Nominating Committee and Chairman of Investment Committee.

The Board would like to express its gratitude and appreciation to Mr Lim Ming Seong for his dedication and guidance during his tenure as Chairman and Independent Director. Mr Lim had provided valuable contribution to the Board as well as to the Nominating Committee, Compensation Committee and Investment Committee during his tenure.
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
17/01/1997
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Board, Compensation, Nominating and Investment Committees
Role and responsibilities
Independent Director, Chairman of the Board, Compensation, Nominating and Investment Committees
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?
Yes
Shareholding Details
Deemed Interest: 4,790,000 shares
Past (for the last 5 years)
Aegis Medical Care Pte. Ltd.
STT GDC Pte. Ltd.
First Resources Limited
CSE W-Industries, Inc
CSE Icon, Inc.
CSE (Americas) Pte. Ltd.
CSE Global (Americas) Pte. Ltd.
Starhub Limited
Present
U Mobile Sdn Bhd
Amplus Communication Pte Ltd
STT Communication Ltd
Singapore Technologies Telemedia Pte Ltd