Change - Announcement of Cessation::Cessation of Non-Executive Director

Issuer & Securities

Issuer/ Manager
COSMOSTEEL HOLDINGS LIMITED
Securities
COSMOSTEEL HOLDINGS LIMITED - SG1V08936188 - B9S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Aug-2021 18:57:16
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG210825OTHRGPXG
Submitted By (Co./ Ind. Name)
Ong Tong Hai
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Non-Executive Director

Additional Details

Name Of Person
Hiromasa Yamamoto
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2021
Detailed Reason (s) for cessation
Mr Hiromasa Yamamoto, who was nominated for appointment as Non-Executive Director by Hanwa Co., Ltd. ("Hanwa") pursuant to Clause 3 of the Strategic Alliance Agreement between the Company and Hanwa dated 1 December 2014, is resigning as Hanwa intends to nominate another Non-Executive Director for appointment to the Board.
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
05/07/2019
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Nominating Committee ("NC") Member
Remuneration Committee ("RC") Member
Role and responsibilities
As a member of the Board, the NC and the RC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Hiromasa Yamamoto was nominated for appointment as a Non-Executive Director of the Company by Hanwa pursuant to the terms of the Strategic Alliance Agreement dated 1 December 2014 entered into between Hanwa and the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Hanwa Co., Ltd.
Present
Hanwa Singapore Pte. Ltd.
Nippon EGalv Steel Sdn. Bhd.
Hanwa Steel Centre (M) Sdn. Bhd.