Change - Announcement of Cessation::Retirement of Mr Masayoshi Taira as a Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
MIYOSHI LIMITED
Securities
MIYOSHI LIMITED - SG1J04885492 - M03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Dec-2019 17:20:19
Status
New
Announcement Sub Title
Retirement of Mr Masayoshi Taira as a Non-Executive and Non-Independent Director
Announcement Reference
SG191227OTHRY6JB
Submitted By (Co./ Ind. Name)
Sin Kwong Wah Andrew
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Masayoshi Taira as a Non-Executive and Non-Independent Director.

This document has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist.

The document has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this document including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Ken Lee, Associate Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Name Of Person
Masayoshi Taira
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
27/12/2019
Detailed Reason (s) for cessation
Mr Masayoshi Taira informed that he does not wish to seek for re-election and will retire as a Director of the Company at the close of the Company's Annual General Meeting held on 27 December 2019. Upon his retirement, he also ceased to serve as member of Audit and Remuneration Committees.

Based on its enquiries, the Sponsor of the Company, CIMB Bank Berhad, Singapore Branch ("Sponsor") is satisfied that, save as disclosed in this announcement, there is no other material reason for the cessation of Mr Masayoshi Taira as a Non-Executive and Non-Independent Director of the Group.
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
24/09/1991
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director, member of Audit Committee and Remuneration Committee.
Role and responsibilities
Non-Executive
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?
Yes
Shareholding Details
Mr Masayoshi Taira is deemed to have an interest in the 50,901,890 shares held by Miyoshi Industry Co., Ltd.
Past (for the last 5 years)
Nil
Present
Nil