Change - Announcement of Cessation::Retirement of Independent Director
Issuer & Securities
SINCAP GROUP LIMITED
SINCAP GROUP LIMITED - SG2F03983689 - 5UN
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Independent Director
Submitted By (Co./ Ind. Name)
Lun Chee Leong
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, Canaccord Genuity Singapore Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). 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. Karen Soh, Managing Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.
Name Of Person
Tay Wee Kwang
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Tay Wee Kwang has withdrawn his consent to be re-elected as a Director of the Company at the Annual General Meeting held on 30 April 2015.
The Sponsor, after having interviewed Mr Tay Wee Kwang, is satisfied that other than disclosed in this announcement, there are no material reasons for the cessation of Mr Tay Wee Kwang 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
Mr Tay Wee Kwang is of the opinion that the Board can be further strengtened with the inclusion of more executive directors on Board.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee, and a member of the Audit and Risk, and Remuneration Committees.
Role and responsibilities
Independent Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
See Annexure A
See Annexure B
Tay Wee Kwang - Annexure A.pdf
Tay Wee Kwang - Annexure B.pdf
Total size =360K