Change - Announcement of Cessation::RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF PRODUCER
Issuer & Securities
SPACKMAN ENTERTAINMENT GROUP LIMITED
SPACKMAN ENTERTAINMENT GRP LTD - SG1AB0000004 - 40E
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF PRODUCER
Submitted By (Co./ Ind. Name)
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, RHT Capital Pte. Ltd. (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 independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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 Mr Mah How Soon, Registered Professional, RHT Capital Pte. Ltd., 6 Raffles Quay #24-02, Singapore 048580, firstname.lastname@example.org.
Name Of Person
Yoo Jin Lee ("Ms Eugene Lee")
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Following the disposal of Zip Cinema Co., Ltd., as a condition precedent as outlined in the sales purchase agreement ("SPA") which was announced on 14 September 2021, the existing directors (including Ms Eugene Lee) as the current representative director and statutory auditor of Zip Korea voluntarily resign, in accordance with the provisions of the SPA.
After having interviewed Ms Eugene Lee and to the best of its knowledge, the Company's Sponsor, RHT Capital Pte.Ltd. is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Ms Eugene Lee as the Executive Director and Chief Producer 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Producer
Role and responsibilities
Ms Eugene Lee is the Executive Director and Chief Producer of the Company. She is the founder, chief executive officer and head producer of Zip Cinema.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
23,160,000 ordinary shares of the Company
Past (for the last 5 years)
- Zip Cinema Co., Ltd.
Group (HK) Limited
- Spackman Entertainment