Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
NGSC LIMITED
Securities
NGSC LIMITED - SG1I31881119 - B07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Jun-2021 21:34:22
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG210616OTHRH93W
Submitted By (Co./ Ind. Name)
Michael Kuan-Chi Sun
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Ng Yoke Ping, Pauline
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
16/06/2021
Detailed Reason (s) for cessation
a. Lack of information provided and being shut out from communications.

b. Strained dynamics within the Board.

c. Difficulty in discharging director's duties in the circumstances.
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?
Yes
If Yes, Please provide full details
Yes, see my representations dated 19 May 2021, which was announced on SGXNet on 20 May 2021.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
06/07/2020
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil