Change - Announcement of Cessation::Cessation of Development Manager

Issuer & Securities

Issuer/ Manager
SLB DEVELOPMENT LTD.
Securities
SLB DEVELOPMENT LTD. - SG1ED7000005 - 1J0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2019 17:17:43
Status
New
Announcement Sub Title
Cessation of Development Manager
Announcement Reference
SG190425OTHR99IP
Submitted By (Co./ Ind. Name)
Ong Eng Keong
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Development Manager.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 Tay Sim Yee, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: 65 6232 3210.

Additional Details

Name Of Person
Tiny
Age
34
Is effective date of cessation known?
Yes
If yes, please provide the date
14/05/2019
Detailed Reason (s) for cessation
To pursue personal interests. Ms Tiny's responsibilities will be overseen by Mr Lawrence Lee, the General Manager of the Company.

For the purpose of Catalist Rule 704(6)(b), Ms Tiny has confirmed that she is not aware of any irregularities in the Company and its subsidiaries which have a material impact on the Group, including financial reporting.

The Sponsor, after having interviewed Ms Tiny, is satisfied that other than as disclosed in this announcement, there are no other material reasons for her cessation as Development Manager.
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
01/01/2018
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Development Manager
Role and responsibilities
She is responsible for developing the design brief, design concept and project costing. She is in charge of preparing and vetting presentation plans, undertakes supervisory responsibilities for assigned projects from inception, conceptualisation, and design to project completion, monitoring and managing execution of assigned projects. She also monitors the status of our Group's licence and permit applications with the relevant authorities and is involved in the processes occurring after TOP and CSC including handover of units and the formation of the MCST.
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)
Nil
Present
Nil