Change - Announcement of Cessation::Resignation of Excutive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
GLOBAL PREMIUM HOTELS LIMITED
Securities
GLOBAL PREMIUM HOTELS LIMITED - SG2E69980364 - P9J
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Jun-2015 21:00:52
Status
New
Announcement Sub Title
Resignation of Excutive Director and Chief Executive Officer
Announcement Reference
SG150608OTHRHPTH
Submitted By (Co./ Ind. Name)
Chen Loong Mey
Designation
CFO
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lim Chee Chong as Executive Director and Chief Executive Officer of the Company.

Additional Details

Name Of Person
Lim Chee Chong
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
09/06/2015
Detailed Reason (s) for cessation
To pursue interest in property sector
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
08/12/2011
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chief Executive Officer.
Role and responsibilities
He is responsible for overseeing the Group's operations, setting directions for new growth areas and developing business strategies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother of Ms Lim Wan Looi who is the substantial shareholder of the company as well as brother-in-law of Mr Koh Wee Meng, Chairman and substantial shareholder of the company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Global premium Hotels Limited - 770,400 shares held under his name.
Past (for the last 5 years)
Director, Fragrance Group Limited
Present
1) Director, Fragrance Hotel Management Pte Ltd;
2) Director, GP Hotel Ventures Pte Ltd;
3) Director, GP Hotel Investment Pte Ltd;
4) Director, GP Hotel Capital Pte Ltd;
5) Director, GP Hotel Assets Pte Ltd;
6) Director, Parc Sovereign Hotel Management Pte Ltd;
7) Director, GP Hotel Heriatge Pte Ltd;
8) Director, GP Hotel Equity Pte Ltd;
9) Director, GP Hotel Properties Pte Ltd.