Change - Announcement of Cessation::Resignation of Executive Chairman

Issuer & Securities

Issuer/ Manager
TMC EDUCATION CORPORATION LTD.
Securities
TMC EDUCATION CORPORATION LTD - SG1H06873795 - 586
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Feb-2018 23:56:52
Status
New
Announcement Sub Title
Resignation of Executive Chairman
Announcement Reference
SG180214OTHRTB24
Submitted By (Co./ Ind. Name)
ONG SING HUAT
Designation
COMPANY SECRETARY
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, SAC Capital Private Limited (the Sponsor ) for compliance with the Singapore Exchange Securities Trading Limited (the SGX-ST ) Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Alicia Sun (Telephone no.: (65) 65323829) at 1, Robinson Road, #21-02 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Dr Chin Kon Yuen
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date
14/02/2018
Detailed Reason (s) for cessation
Pursuant to the reconstitution of the Board of Directors of the Company following the close of the mandatory unconditional cash offer by JK Global Assets Pte. Ltd. for all the issued ordinary shares in the capital of the Company.

Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Dr Chin Kon Yuen as the Executive Chairman 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
01/03/1982
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)
6
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.)
Executive Chairman
Role and responsibilities
As the Executive Chairman of the Group, Dr Chin oversees all major strategic, business and financial decisions of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Dr Chin is the spouse of Ms Yeow Cheng Khim, the Executive Director and Chief Executive Officer of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Dr Chin holds a direct interest of 437,646 shares in the Company and is deemed interested in the 19,507,140 shares in the Company held by his spouse, Ms Yeow Cheng Khim.
Past (for the last 5 years)
1. TMC Computer School
2. TMC Business School
3. TMC Language School
4. The Centre for Advanced Seminars
5. TMC Educational Group
6. TMC School of Arts and Humanities
7. TMC Centre for Information Technology
8. Monash TMC Education
Present
1. CK & Co Holding Pte Ltd
2. Advanced Investment Holdings Pte Ltd
3. Asia Pacific College Int l Pte Ltd
4. Boston East Intl Pte Ltd
5. Creative Education Development Pte Ltd
6. Technology Management & Communications Academy Pte Ltd
7. TMC (China) Holdings Pte Ltd
8. TMC (Malaysia) Holdings Pte Ltd
9. TMC Academy Pte Ltd
10. TMC Franchise Int'l Pte Ltd
11. TMC Learning Hub Pte Ltd