Change - Announcement of Cessation::Resignation of Lead Independent Director
Issuer & Securities
Issuer/ Manager
TMC EDUCATION CORPORATION LTD.
Securities
TMC EDUCATION CORPORATION LTD - SG1H06873795 - 586
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Feb-2018 23:57:03
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG180214OTHR8Q94
Submitted By (Co./ Ind. Name)
ONG SING HUAT
Designation
COMPANY SECRETARY
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, SAC Capital Private Limited (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 verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms Alicia Sun (Telephone no.: (65) 65323829) at 1, Robinson Road, #21-02 AIA Tower, Singapore 048542.
Additional Details
Name Of Person
Wee Liang Hiam
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
14/02/2018
Detailed Reason (s) for cessation
Pursuant to the reconstitution of the Board of Directors of the Company following the close of the mandatory unconditional cash offer by JK Global Assets Pte. Ltd. for all the issued ordinary shares in the capital of the Company.
Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Wee Liang Hiam as the Lead 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
01/01/2016
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, AC Chairman, NC Member and RC Member
Role and responsibilities
Non-executive 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)
1. PSL Holdings Ltd
2. Sincap Group Limited
3. PSL Metal Pte Ltd
4. KCL Logistics Pte Ltd
5. China Farm Equipment Pte Ltd
6. Hu An Electric (Singapore) Pte Ltd
7. Shenhuan Cable (Singapore) Pte Ltd
8. IBosses Pte Ltd
9. PSL Maritime Strategic Pte Ltd
Present
NIL
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