Change - Announcement of Cessation::Resignation of Independent Director
Issuer & Securities
MARY CHIA HOLDINGS LIMITED
MARY CHIA HOLDINGS LIMITED - SG1Y51946677 - 5OX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Director
Submitted By (Co./ Ind. Name)
Ho Yow Ping (He YouPing)
Chief Executive Officer
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, PrimePartners Corporate Finance Pte. Ltd. (the "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 Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street,#21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.
Name Of Person
Ong Teck Ghee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Ong Teck Ghee steps down as an Independent Director as he is unable to commit the time required as an Independent Director of the Company as he will be devoting more time to attend to his family and personal matters.
Based on its enquires, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Ong Teck Ghee as an Independent Director of Mary Chia Holdings Limited.
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?
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 Nominating Committee and a member of the Audit and Remuneration Committees.
Role and responsibilities
Acted as Chairman of the Nominating Committee, member of the Audit and Remuneration Committees in accordance with the terms of reference of the respective committees and as a Board member exercised joint and several responsibilities with the Board of Directors.
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)
Ecowise Holdings Limited