Change - Announcement of Cessation::Resignation of Non-Executive Independent Chairman - Albert Saychuan Cheok

Issuer & Securities

Issuer/ Manager
MC PAYMENT LIMITED
Securities
MC PAYMENT LIMITED - SGXE15822534 - TVV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Jul-2021 17:25:31
Status
New
Announcement Sub Title
Resignation of Non-Executive Independent Chairman - Albert Saychuan Cheok
Announcement Reference
SG210702OTHRSIJM
Submitted By (Co./ Ind. Name)
Ng Weng Sui Harry
Designation
Non-Executive Non-Independent Director
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, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist ("Catalist Rules").

This announcement has not been examined or approved by the SGX-ST and 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 Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Albert Saychuan Cheok
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2021
Detailed Reason (s) for cessation
Please see Appendix A attached.
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
18/02/2021
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Independent Director, Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee
Role and responsibilities
Assumed the duties and responsibilities of the Non-Executive Chairman and Independent Director, Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee
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)
Other Principal Commitments:
Vice President, Board of Governors, Malaysian Institute of Corporate Governance

Directorships:
Macau Chinese Bank
AcrossAsia Limited
First REIT
Auric Pacific Group Limited
Lippo Malls REIT
Hongkong Chinese Limited
Adavale Resources Limited
International Standard Resources Holdings Ltd
Peppermint Innovation Limited
Black Gold Mining Pte. Ltd. (struck off)
Stannum Pte. Ltd. (struck off)
Pacific International Energy Pte. Ltd. (struck off)
Present
Other Principal Commitments:
Nil

Directorships:
Amplefield Limited
China Aircraft Leasing Group Holdings
5G Networks Limited
Supermax Corporation Berhad
Leonie Hill Properties Pte. Ltd.

Attachments

Appendix A - Detailed Reasons for cessation.pdf
Total size =93K