Change - Announcement of Cessation::Resignation of Lead Independent Director

Issuer & Securities

Issuer/ Manager
TRANSCORP HOLDINGS LIMITED
Securities
TRANSCORP HOLDINGS LIMITED - SG1J09885596 - T19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Oct-2018 18:01:46
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG181031OTHRNCKA
Submitted By (Co./ Ind. Name)
Kelly Kiar Lee Noi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Tan Wee Peng Kelvin as the Lead Independent Director of the Company with effect from 31 October 2018.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made. The Sponsor is satisfied, based on enquiries made, that there are no reasons for the cessation other than those stated in this announcement.

This announcement has not been examined or approved by 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 Liau H.K.
Telephone number: 6221 0271

Additional Details

Name Of Person
Tan Wee Peng Kelvin
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2018
Detailed Reason (s) for cessation
To pursue other interests.
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
27/06/2016
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Audit Committee Chairman, member of Nominating Committee and Remuneration Committee
Role and responsibilities
Non-executive
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?
No
Past (for the last 5 years)
1) Accrelist Ltd. (formerly known as WE Holdings Ltd.)
2) Shanghai Turbo Enterprise Ltd
Present
1) IREIT Global Group Pte. Ltd.
2) Sabana Real Estate Investment Management Pte Ltd
3) Unusual Limited
4) Viking Offshore and Marine Limited
5) GBE Holdings Pte Ltd
6) GBE Investments Pte Ltd
7) NL Consulting Pte Ltd
8) YK Management Pte Ltd
9) Aperio Technology Pte Ltd
10) DBE Consulting Pte Ltd
11) Golden Equator Capital Pte Ltd
12) Oriental Straits Fund II-D
13) ISCA Pte Ltd
14) ATT (S) Ltd