Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
ASIA VETS HOLDINGS LTD.
Securities
ASIA VETS HOLDINGS LTD. - SG2B95959500 - 5RE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2019 20:08:01
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG190425OTHR2WSR
Submitted By (Co./ Ind. Name)
Asia Vets Holdings Ltd./ Tan Tong Guan
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. 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 Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Chan Kum Kit
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2019
Detailed Reason (s) for cessation
Mr Chan had retired pursuant to Regulation 91 of the Company's Constitution following the conclusion of the Company's Annual General Meeting held on 25 April 2019 to allow for renewal of the Board of Directors of the Company (the "Board") as Mr Chan has served on the Board beyond nine years from the date of his first appointment.

The Sponsor, after having interviewed Mr Chan, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Chan as a 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
15/03/2010
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)
1
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.)
Independent Director, Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit Committee.
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit Committee.
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)
Sing Holdings Limited
Present
Verity Partners
Healthserve Ltd.
FC Solution Pte. Ltd.
K K Chan Pte. Ltd.