Change - Announcement of Cessation::RESIGNATION OF MR GAN WAH KWANG @ GUAN WAH KWANG AS LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
PINE CAPITAL GROUP LIMITED
Securities
PINE CAPITAL GROUP LIMITED - SG1AA8000008 - ADJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2020 22:26:44
Status
New
Announcement Sub Title
RESIGNATION OF MR GAN WAH KWANG @ GUAN WAH KWANG AS LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG200228OTHR5BM8
Submitted By (Co./ Ind. Name)
DAVID SARKIS
Designation
EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Gan Wah Kwang @ Guan Wah Kwang as Lead Independent Non-Executive Director of Pine Capital Group Limited (the "Company").

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Asian Corporate Advisors Pte. Ltd. ("Sponsor"), in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited ("Exchange") Listing Manual Section B: Rules of Catalist for compliance with the relevant rules of the Exchange. The Sponsor has not independently verified the contents of this announcement, including the correctness of any of the figures used, statements or opinions made.

Kindly note that the Company's Sponsor has not conducted an exit interview as at the date of this announcement and accordingly, should there be any further material information in the course of such interview (when conducted), the Company will be required make such further announcement(s) and the Board will be required address and announce its comments and responses as well as the Sponsor's queries for the responses.

This announcement has not been examined or approved by the Exchange and the Exchange 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 Liao H.K.
Telephone number: +65 6221 0271

Additional Details

Name Of Person
GAN WAH KWANG @ GUAN WAH KWANG
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2020
Detailed Reason (s) for cessation
Personal matters and to dedicate more time to his other commitments.
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
30/10/2019
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director as well as a member of the Audit Committee, Nominating Committee and Remuneration Committee
Role and responsibilities
Duties as the Lead Independent Non-Executive Director as well as a member of the Audit Committee, 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
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please refer to the attachment.
Present
Huttons Asia Pte. Ltd. as Associate Marketing Consultant (Cert-in-RES)

Attachments