Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
GS HOLDINGS LIMITED
Securities
GS HOLDINGS LIMITED - SG1CF0000001 - 43A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Mar-2018 17:27:25
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG180309OTHRTS67
Submitted By (Co./ Ind. Name)
PANG POK
Designation
EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Effective Date and Time of the event
09/03/2018 17:15:00
Description (Please provide a detailed description of the event in the box below)
Cessation of service of a key management personnel.

This announcement has been prepared by GS Holdings Limited (the "Company") and its contents have been reviewed by the Company s sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.

The contact persons for the Sponsor are Mr Alvin Soh, Head of Catalist Operations, Senior Vice President, and Mr Lan Kang Ming, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Phang Boon Chin Aren
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
10/03/2018
Detailed Reason (s) for cessation
To pursue other personal interests.

The Company's sponsor, UOB Kay Hian Private Limited, after having interviewed Mr Phang Boon Chin Aren ("Mr Phang"), is not aware of any other material reasons for the cessation of Mr Phang as the Head of Food and Beverage Division.
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
13/04/2015
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head of Food and Beverage Division
Role and responsibilities
Responsible for managing existing customer relationships, implementing effective cost management measures and providing support for expansion of new customer outlets as part of the Company's business development activities.
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
23,000 shares in GS Holdings Limited
Past (for the last 5 years)
Nil
Present
Nil