Change - Announcement of Cessation::CESSATION OF DIRECTOR

Issuer & Securities

Issuer/ Manager
COLEX HOLDINGS LIMITED
Securities
COLEX HOLDINGS LIMITED - SG1G56870536 - 567
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Apr-2020 17:43:55
Status
New
Announcement Sub Title
CESSATION OF DIRECTOR
Announcement Reference
SG200414OTHR1J28
Submitted By (Co./ Ind. Name)
FOO SOON SOO
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF DIRECTOR


This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST 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 Ms Jennifer Tan, Associate Director, Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and Email: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
DESMOND CHAN KWAN LING
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
17/06/2020
Detailed Reason (s) for cessation
Mr Desmond Chan Kwan Ling will be retiring at the forthcoming annual general meeting to be held on 17 June 2020 and has informed the Board that he does not seek re-election as a personal decision to just focus on his executive role as Director and General Manager of Colex Environmental Pte Ltd.

After having interviewed Mr Desmond Chan Kwan Ling and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Desmond Chan Kwan Ling as the Executive Director of Colex Holdings Limited.
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
07/09/2012
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)
2
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 Director of Colex Holdings Limited
Role and responsibilities
Executive. Director and General Manager of Colex Holdings Limited and Colex Environmental Pte Ltd. He is responsible for the day-to-day management of the waste disposal division.
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
Past (for the last 5 years)
NIL
Present
Colex Environmental Pte Ltd