Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
PACIFIC STAR DEVELOPMENT LIMITED
Securities
PACIFIC STAR DEVELOPMENT LTD - SG1DE5000007 - 1C5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Aug-2019 23:53:50
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG190830OTHRRG49
Submitted By (Co./ Ind. Name)
Glen Chan
Designation
CEO & Managing Director
Effective Date and Time of the event
30/08/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr David Yeong Kai Xiong (tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Low Siew Sie Bob
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2019
Detailed Reason (s) for cessation
Mr Low Siew Sie Bob ("Mr Low") has expressed his desire to step down as a board member of the Company due to the time commitment required from the Company and to focus on his present work.
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
04/06/2019
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
10
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman, Remuneration Committee
Member of Audit Committee
Member of Nominating Committee
Role and responsibilities
Independent Director of the Company
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
China Hongcheng Holdings Limited
Pacific Star Development Limited
Autotrax International Pte Ltd
Autovox Korea Co, Ltd
Present
Interra Resources Limited
Bob Low & Co
BL Corporate Advisory Pte Ltd
Firststate Private Limited