Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE NON-INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
LIBRA GROUP LIMITED
Securities
LIBRA GROUP LIMITED - SG2D82975475 - 5TR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Jul-2020 20:40:48
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE NON-INDEPENDENT DIRECTOR
Announcement Reference
SG200717OTHRUVBB
Submitted By (Co./ Ind. Name)
CHRISTINE LIU YANG
Designation
CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Please refer to the below.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 Lay Shi Wei, Registered Professional, RHT Capital Pte. Ltd. at 9 Raffles Place #29-01 Republic Plaza Tower 1 Singapore 048619, telephone (+65) 6381 6966.

Additional Details

Name Of Person
CHAY YIOWMIN
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
17/07/2020
Detailed Reason (s) for cessation
The Board of Directors of Libra Group Limited (the "Company") was informed by Mr Chay since January 2020 of his intention to step down as Non-Executive Non-Independent Director at an appropriate time. It has been six months since and it is now an appropriate moment to resign to focus on his other work commitments.

Based on its enquiries, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that, save for the above, there are no other material reasons for the resignation of Mr Chay Yiowmin as the Non-Executive Non-Independent Director of the Company.
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
12/06/2019
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Director
Role and responsibilities
Non-Executive Non-Independent Director
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
Past (for the last 5 years)
Directorships
R.S. Platou Finans Singapore Pte. Ltd. (Struck Off)
Alchemist Enterprise (S) Pte. Ltd. (Struck Off)
Seafox Asia Pacific Management Pte. Ltd.
Seafox Asia Pacific Pte. Ltd. Harbour Pte. Ltd. (Struck Off) Dahua Technology Singapore Pte. Ltd.
Jampur Far East Pte. Ltd.
TSU Investment Pte. Ltd.
Nelson G Advisory Pte. Ltd. (Struck Off)
BDO Corporate Finance Pte. Ltd. (Struck Off)
Voxpace Pte. Ltd.
Libra Group Limited

Principal Commitments
BDO LLP
Present
Directorships
UMS Holdings Limited
Metech International Limited
8I Holdings Limited
Ksenja Pte. Ltd.
Xemaco Group Pte. Ltd. Roxana Shipping Pte. Ltd.
2YSL Pte. Ltd.
Wanlongxingye Holdings Pte. Ltd.
Vanfo Hino Holdings Pte. Ltd. Vanfoankang Investment Pte. Ltd.

Principal Commitments
Chay Corporate Advisory Pte. Ltd.