Change - Announcement of Cessation::CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR - MR SHO KIAN HIN

Issuer & Securities

Issuer/ Manager
VERSALINK HOLDINGS LIMITED
Securities
VERSALINK HOLDINGS LIMITED - SG1AC9000003 - 40N
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Jul-2023 01:00:40
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR - MR SHO KIAN HIN
Announcement Reference
SG230720OTHRX71H
Submitted By (Co./ Ind. Name)
Matthew Law Kian Siong
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Non-Executive Director - Mr Sho Kian Hin

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(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 Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Sho Kian Hin
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
19/07/2023
Detailed Reason (s) for cessation
Mr Sho Kian Hin resigned as an Independent Non-Executive Director of the Company ("Resignation") to facilitate renewal of the board of directors of the Company in view of the change in controlling shareholders of the Company. Following the Resignation, Mr Sho Kian Hin will also cease to be the Chairman of the Audit Committee ("AC") and the Remuneration Committee ("RC") as well as a member of the Nominating Committee ("NC").

After having interviewed Mr Sho Kian Hin and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the Resignation of Mr Sho Kian Hin.
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
01/09/2021
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the AC and the RC as well as a member of the NC
Role and responsibilities
Assumed the roles and responsibilities of an Independent Non-Executive Director, Chairman of the AC and the RC as well as a member of the NC.
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
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