Change - Announcement of Cessation::Cessation as Independent Director

Issuer & Securities

Issuer/ Manager
CHASEN HOLDINGS LIMITED
Securities
CHASEN HOLDINGS LIMITED - SG1X55941717 - 5NV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jul-2019 20:37:22
Status
New
Announcement Sub Title
Cessation as Independent Director
Announcement Reference
SG190730OTHR5DNC
Submitted By (Co./ Ind. Name)
Low Weng Fatt
Designation
Managing Director and CEO
Description (Please provide a detailed description of the event in the box below)
Mr Tan Sin Huat, Dennis retired as a Director of the Company at the conclusion of the Annual General Meeting held on 30 July 2019. Coterminus with his retirement, his various appointments as the Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee will also cease.

Additional Details

Name Of Person
Tan Sin Huat, Dennis
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
30/07/2019
Detailed Reason (s) for cessation
Retired at the conclusion of the Company's Annual General Meeting held on 30 July 2019 and did not seek re-election.
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
31/07/2009
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.
Role and responsibilities
Assumed the role and responsibilities of an Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.
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?
Yes
Shareholding Details
Direct Interest : 10,500 ordinary shares
Indirect Interest : 79,500 ordinary shares held through DBS Nominees (Private) Limited
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