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

Issuer & Securities

Issuer/ Manager
COSMOSTEEL HOLDINGS LIMITED
Securities
COSMOSTEEL HOLDINGS LIMITED - SG1V08936188 - B9S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jul-2019 18:58:18
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG190705OTHRM0WV
Submitted By (Co./ Ind. Name)
Ong Chin Sum
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Non-Executive Director

Additional Details

Name Of Person
Hiroshi Ebihara
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
05/07/2019
Detailed Reason (s) for cessation
Following Mr Hiroshi Ebihara s retirement as the Senor Managing Executive Officer, General Representative for Asia (ASEAN, India, Middle East) of Hanwa Co., Ltd. (Hanwa), a controlling shareholder of the Company, he will no longer be Hanwa's nominee on the Company's Board and will accordingly be resigning as Non-Executive 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
01/06/2015
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non Executive Director

Nominating Committee Member

Remuneration Committee Member
Role and responsibilities
To perform the functions of a Non-Executive Director and a member of the Remuneration Committee and Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Hiroshi Ebihara was nominated for appointment as a Director by Hanwa pursuant to the terms of the Strategic Alliance Agreement dated 1 December 2014 entered into between Hanwa and the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Hanwa Co., Ltd.
Hanwa Singapore (Pte) Ltd
Nippon EGalv Steel Sdn Bhd
Tianjin Bogang- Hanwa International Trading Co., Ltd.
Hanwa Trading (Shanghai) Co., Ltd.
Hanwa (Beijing) Co., Ltd.
Hanwa Co. (Hong Kong) Ltd.
Present
None