Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
PAN-UNITED CORPORATION LTD.
Securities
PAN-UNITED CORPORATION LTD - SG1A67000830 - P52
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Feb-2018 18:05:11
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG180205OTHRU2N2
Submitted By (Co./ Ind. Name)
Cho Form Po
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the following details.

Additional Details

Name Of Person
Lee Cheong Seng
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
05/02/2018
Detailed Reason (s) for cessation
Pursuant to his appointment as a Non-Executive Director of Xinghua Port Holdings Ltd., Mr Lee Cheong Seng has relinquished his position as an Independent Director of the Company on 5 February 2018, and accordingly stepped down as a member of the Nominating Committee.
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
29/11/1993
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)
4
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
Role and responsibilities
Independent Director and member of 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
Has direct interest of 2,500,000 ordinary shares in the Company.
Past (for the last 5 years)
Singapore Changshu Development Company Pte Ltd
Changshu Xinghua Port Co. Ltd
Present
Xinghua Port Holdings Ltd.