Change - Announcement of Cessation::Termination of Executive Director

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
08-Jan-2018 19:14:50
Status
New
Announcement Sub Title
Termination of Executive Director
Announcement Reference
SG180108OTHRPB1Y
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Termination of Executive Director

Additional Details

Name Of Person
Lee Soek Shen
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
08/01/2018
Detailed Reason (s) for cessation
The Company has terminated the Service Agreement between Mr Lee Seok Shen and the Company in accordance with the terms of his Service Agreement, and Mr Lee has accordingly resigned as director of the Company and its subsidiaries.
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
30/03/2015
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Making recommendations to the Board with regard to the group's capabilities, corporate policies and capital allocation.
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
Mr Lee is deemed interested in the 9,161,300 shares held by Goodwood Associates Pte. Ltd., as he is the sole shareholder of Goodwood Associates Pte. Ltd..
Past (for the last 5 years)
Pacific Energy 28 Pte. Ltd.
Pacific Energy 168 Pte. Ltd.
Pacific Energy 328 Pte. Ltd.
Future Homes Realty Pte. Ltd.
Inter-Pacific Group Pte. Ltd.
Inter-Pacific Petroleum Pte. ltd.
Pacific Ship Management Pte. Ltd.
IAG-Pacific Series A Nominees Pte. Ltd.
IAG-Pacific Offshore Pte. Ltd.
Sixcap Financials Pte. Ltd.
Sixcap Clearing Systems Pte. Ltd.
Xindongmeng Holdings Pte. Ltd.
New Silkroutes Asset Management Pte. Ltd. (now known as Oriens Asset Management Pte. Ltd.)
Ibase Technology International Pte. Ltd.
Digiland Pte. Ltd.
Lifebanc Pte. Ltd. (formerly known as Envirosciences Pte. Ltd. and now known as Silkbanc Pte. Ltd.)
Fullerton Energy Pte. Ltd.
Affinia Capital Partners Pte. Ltd.
Rubeus Silk Pte. Ltd.
Silk System Pte. Ltd.
Healthsciences International Pte. Ltd.
New Silkroutes Capital Pte. Ltd.
HSI Nominees A Pte. Ltd.
Digiland Pty Ltd (in Australia)
Digiland (Hong Kong) Limited (in process of striking off)
New Silkroutes Capital Sdn. Bhd.
Smartnation Sdn. Bhd.
New Silkroutes Group (Europe) Limited
IEG Malta Limited
Grand Wood Group Limited
New Silkroutes Capital LLC
New Silkroutes Group (HK) Limited
Present
Goodwood Associates Pte. Ltd.
Living Potential International Pte. Ltd.
Trans Regional Exchange Pte. Ltd.
Systems & Clearing Pte. Ltd. (in the process of striking off)
Xinmiaosen Holdings Pte. Ltd.
DCX Pte. Ltd. (formerly known as AUH20 Pte. Ltd.)
Little River Pte. Ltd.
Aishare Pte. Ltd. (formerly known as Little Lake Pte. Ltd.)