Change - Announcement of Cessation::Cessation of Executive Director, Chief Financial Officer and Company Secretary

Issuer & Securities

Issuer/ Manager
DESIGN STUDIO GROUP LTD.
Securities
DESIGN STUDIO GROUP LTD. - SG1O90915222 - D11
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Mar-2017 18:31:54
Status
New
Announcement Sub Title
Cessation of Executive Director, Chief Financial Officer and Company Secretary
Announcement Reference
SG170320OTHRQ2OD
Submitted By (Co./ Ind. Name)
Hazel Chia
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director, Chief Financial Officer and Company Secretary

Additional Details

Name Of Person
Kelly Ng Chai Choey
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2017
Detailed Reason (s) for cessation
To pursue other personal interests
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
15/09/2008
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chief Financial Officer and Company Secretary
Role and responsibilities
Responsible for the Group's financial and corporate functions, including treasury, tax, risk management, corporate secretarial matters, corporate communications and investor relations.

Assisting CEO in overseeing the Group's business operations.
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
(1) Design Studio Singapore Pte Ltd
(2) Design Studio Asia Pte Ltd
(3) Design Studio (China) Pte Ltd
(4) DDS Asia Holdings Pte Ltd
(5) DDS Contracts & Interior Solutions Pte Ltd
(6) DDS Contracts & Interior Solutions Sdn Bhd
(7) DS Furniture Manufacturer Sdn Bhd
(8) DS Project Management Sdn Bhd
(9) Design Studio (Huizhou) Home Furnishing Co Ltd
(10) DDS Contracts & Interior Solutions (Thailand) Co Ltd
(11) Design Studio Furniture (Shanghai) Co Ltd