Change - Announcement of Cessation::Resignation of Independent Director
Issuer & Securities
PAN-UNITED CORPORATION LTD.
PAN-UNITED CORPORATION LTD - SG1A67000830 - P52
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Director
Submitted By (Co./ Ind. Name)
Cho Form Po
Description (Please provide a detailed description of the event in the box below)
Please refer to the following details.
Name Of Person
Lee Cheong Seng
Is effective date of cessation known?
If yes, please provide the date
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?
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.)
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
Shareholding interest in the listed issuer and its subsidiaries?
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
Xinghua Port Holdings Ltd.