Change - Announcement of Cessation::Resignation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
USP GROUP LIMITED
Securities
USP GROUP LIMITED - SG1CH0000007 - BRS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2020 17:40:45
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG200930OTHREYYZ
Submitted By (Co./ Ind. Name)
Tanoto Sau Ian
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director

Additional Details

Name Of Person
Tan Wee Peng Kelvin
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2020
Detailed Reason (s) for cessation
To pursue other commitments.
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
20/02/2020
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
10
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Audit and Risk Management Committee and Member of Remuneration Committee
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. WE Holdings Ltd
2. Shanghai Turbo Enterprises Ltd.
3. Transcorp Holdings Limited
4. Sabana Real Estate Investment Pte. Ltd.
5. YK Management Pte. Ltd.
6. GBE Investments Pte. Ltd.
7. DBE Consulting Pte. Ltd.
8. NL Consulting Pte. Ltd.
9. GBE Holdings Pte. Ltd.
10. Golden Equator Capital Pte. Ltd.
11. Marshal Systems Pte. Ltd.
12. Great Wall Majestic Pte. Ltd.
13. Citistate Capital Pte. Ltd.
14. M! Capital Ventures Pte. Ltd.
Present
1. IREIT Global Group Pte Ltd
2. Global Investments Limited
3. UnUsUal Ltd
4. Viking Offshore and Marine Limited
5. Cloud.Com Pte. Ltd.
6. Eagle Hospitality REIT Management Pte. Ltd.
7. Eagle Hospitality Business Trust Management Pte. Ltd.
8. Institute of Singapore Chartered Accountants Pte. Ltd.
9. Association of Taxation Technicians (S) Limited
10. Orient Straits Fund II-D