Change - Announcement of Cessation::RESIGNATION OF EXECUTIVE DIRECTOR
Issuer & Securities
POLARIS LTD. - SG1L96897898 - 5BI
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF EXECUTIVE DIRECTOR
Submitted By (Co./ Ind. Name)
Soennerstedt Carl Johan Pontus
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd..
This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST"). 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 Mr. Yap Wai Ming:
Tel: 6389 3000
Name Of Person
Ong Soon Hwee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Ong Soon Hwee, Gary has voluntary resigned as Executive Director and Chief Operating Officer for personal family reasons.
Based on the exit interview conducted by the Company's Sponsor, the Sponsor is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation
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.)
Executive Director and Chief Operating Officer
Role and responsibilities
Responsible for business operations, involve in developing of strategy to steer the growth of the Group and subsidiaries.
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?
Past (for the last 5 years)
BSH Home Appliances Sdn Bhd
Polaris Device Pte. Ltd.
Polaris Explorer Pte. Ltd.
Polaris Network Pte. Ltd.