Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR
Issuer & Securities
AXINGTON INC. - MYA012218006 - 42U
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
Dato' Peter Tang Swee Guan
Deputy Executive Chairman and Executive Director
Description (Please provide a detailed description of the event in the box below)
CESSATION OF INDEPENDENT DIRECTOR.
This announcement has been prepared by Axington Inc. (the "Company") and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
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. Pong Chen Yih, Chief Operating Officer, 9 Raffles Place, #17-05 Republic Plaza Tower 1, Singapore 048619, telephone (65) 6950 2188.
Name Of Person
Lee Pih Peng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Board reconstitution following the close of the mandatory unconditional cash offer by Dorr Global Healthcare International Pte. Ltd.
After having interviewed Ms Lee Pih Peng ("Ms Lee") and to the best of its knowledge, the Company's sponsor, Novus Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms Lee as the Independent 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 Director, Chairman of Remuneration Committee, a member of the Audit Committee and Nomination Committee.
Role and responsibilities
In accordance with the terms of reference of the respective Board Committees and the listing rules.
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)
Altum Law Corporation
APIC Corporate Solutions Pte Ltd
3 Cher Holdings Pte Ltd
Goodview Holdings Pte Ltd
Shine Wise Investments Limited