Change - Announcement of Cessation::Cessation Of Independent Director

Issuer & Securities

Issuer/ Manager
SERRANO LIMITED
Securities
SERRANO LIMITED - SG1AD7000003 - 40R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Aug-2018 17:32:15
Status
New
Announcement Sub Title
Cessation Of Independent Director
Announcement Reference
SG180831OTHRXNC2
Submitted By (Co./ Ind. Name)
Tan Tien Hin Winston
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Serrano Limited (the "Company") and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "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 person for the Sponsor is Mr. Lance Tan, Director, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Ong Kian Guan
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2018
Detailed Reason (s) for cessation
To devote more time to professional career as a public accountant.

Other than as disclosed in this announcement, there are no other reasons for the cessation of Mr Ong Kian Guan ("Mr Ong") as a Director of the Company.

Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in the announcement, there are no material reasons for the retirement of Mr Ong as a Director of the Company.
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
10/10/2014
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Members of the Audit Committee, Nominating Committee and Remuneration Committee
Role and responsibilities
Independent, Non-Executive director
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)
China Haida Ltd
China Animal Healthcare Ltd
Asia Fashion Holdings Ltd
Present
Alliance Mineral Assets Limited
China XLX Fertiliser Ltd
Weiye Holdings Limited
RMH Holdings Limited
IAG Holdings Limited
Baker Tilly Consultancy (Singapore) Pte Ltd
Park Crescent Services Pte Ltd
TFW Management Services Pte Ltd
Lightway Corporate Services Pte Ltd