Change - Announcement of Cessation::Cessation As Chairman of the Audit and Risk Committee

Issuer & Securities

Issuer/ Manager
FIRST SPONSOR GROUP LIMITED
Securities
FIRST SPONSOR GROUP LIMITED - KYG3488W1078 - ADN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Feb-2023 17:20:36
Status
New
Announcement Sub Title
Cessation As Chairman of the Audit and Risk Committee
Announcement Reference
SG230217OTHRUMYR
Submitted By (Co./ Ind. Name)
Neo Teck Pheng
Designation
Group Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Yee Chia Hsing ("Mr Yee") as Chairman of the Audit and Risk Committee with effect from 15 March 2023. Mr Yee will remain as Lead Independent Director and a member of the Nominating Committee.

Additional Details

Name Of Person
Yee Chia Hsing
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
15/03/2023
Detailed Reason (s) for cessation
Rotation of chairmanship of Audit and Risk Committee.
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
19/05/2014
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit and Risk Committee and a member of the Nominating Committee.
Role and responsibilities
Responsibilities as an Independent Non-Executive Director of the Company.
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?
Yes
Shareholding Details
- 690,900 ordinary shares in the listed issuer
- 28 W240530 warrants exercisable into ordinary shares of the listed issuer
Other Directorships
Past (for the last 5 years)
Ezion Holdings Limited - Independent Director
Present
Datapulse Technology Limited - Executive Director