Change - Announcement of Cessation::Resignation of Independent Director - Tan Jiansheng

Issuer & Securities

Issuer/ Manager
SOUTHERN PACKAGING GROUP LIMITED
Securities
SOUTHERN PACKAGING GROUP LTD - SG1CG0000009 - BQP
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Aug-2019 20:31:04
Status
New
Announcement Sub Title
Resignation of Independent Director - Tan Jiansheng
Announcement Reference
SG190830OTHRE87J
Submitted By (Co./ Ind. Name)
Pan Shun Ming
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Tan Jiansheng as Independent Director who is member of the Audit, Nominating and Remuneration Committees of the Company.

Additional Details

Name Of Person
Tan Jiansheng
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2019
Detailed Reason (s) for cessation
This is as part of the Board restructuring following the Nominating Committee's and the Board's review and deliberation on the composition of the Board in compliance with provisions 2.2 and 2.3 of the Code of Corporate Governance 2018 and the Listing Manual of the Singapore Exchange of Securities Trading Limited. Mr Tan Jiansheng has voluntarily resigned as Independent 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
27/02/2017
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and member of Audit, Nominating and Remuneration Committees.
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director and member of Audit, Nominating and Remuneration Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
None