Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Issuer & Securities
SYSMA HOLDINGS LIMITED
SYSMA HOLDINGS LIMITED - SG2F06984247 - 5UO
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Submitted By (Co./ Ind. Name)
SIN SOON TENG
EXECUTIVE CHAIRMAN AND GROUP CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Non-Executive Director
Name Of Person
LIM HENG CHONG BENNY
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Due to other personal commitments, Mr Lim Heng Chong Benny retired from office and did not seek for re-election to the office of Director at the Annual General Meeting of the Company held on Friday, 20 November 2015. He shall relinquish his position as Lead Independent Director, Chairman of the Nominating Committee as well as a member of Audit Committee and Remuneration Committee with effect from the same date.
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 retirement of Mr Lim Heng Chong Benny as the Independent Non-Executive 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?
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 Non-Executive Director
Role and responsibilities
Lead Independent Director, Chairman of the Nominating Committee as well as a member of Audit Committee and Remuneration Committee.
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)
(1) Legallex International Alliance Pte Ltd
1) China Sunsine Chemical Holdings Ltd
(2) Fund Services Network Pte Ltd
(3) Ziwo Holdings Ltd
Total size =40K