Change - Announcement of Cessation::Announcement of Cessation of Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
LIBRA GROUP LIMITED
Securities
LIBRA GROUP LIMITED - SG2D82975475 - 5TR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2022 22:12:19
Status
New
Announcement Sub Title
Announcement of Cessation of Non-Executive Independent Director
Announcement Reference
SG220426OTHR3I36
Submitted By (Co./ Ind. Name)
CHRISTINE LIU YANG
Designation
CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Cessation of Tan Siok Sing Calvin as Non-Executive Independent Director

Additional Details

Name Of Person
Tan Siok Sing Calvin
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2022
Detailed Reason (s) for cessation
The Board of Directors of Libra Group Limited (the 'Company') was informed by Mr. Tan of his intention to step down as Non-Executive Independent Director due to other work commitments. It was agreed for Mr. Tan to resign.

Based on its enquiries, the Company s Sponsor, RHT Capital Pte. Ltd., is satisfied that, save for the above, there are no other material reasons for the resignation of Mr Tan Siok Sing Calvin as the Non-Executive 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
28/01/2020
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee.
Role and responsibilities
Non-Executive Independent Director
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
Other Directorships
Past (for the last 5 years)
Directorships
Changtian Plastic & Chemical Ltd
Heya Investment Holding Pte. Ltd.
Qingmei Holdings Ltd
Sampaguita Energy Private Limited
PT Pacific Metalurgi Indo Smelter
China Shenshan Orchard Holdings Co. Ltd.
Present
Directorships
Shong Sing Pte. Ltd.
EuroSports Global Limited
Goh Loo Club Limited
Ironman International Inc.
Ironman Minerals & Ores Pte. Ltd.
Ironman JS Investments (La Tahzan) Inc.
Sunny Max Investment Limited

Principal Commitments
Managing Director of Ironman Minerals & Ores Pte. Ltd., in coal mining & energy resources trading