Change - Announcement of Cessation::RETIREMENT AS INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ADVANCED SYSTEMS AUTOMATION LIMITED
Securities
ADVANCED SYSTEMS AUTOMATION - SG2E65980228 - 5TY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jun-2020 18:40:00
Status
New
Announcement Sub Title
RETIREMENT AS INDEPENDENT DIRECTOR
Announcement Reference
SG200629OTHR8U8I
Submitted By (Co./ Ind. Name)
DATO' SRI MOHD SOPIYAN B. MOHD RASHDI
Designation
CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and 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 Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
DATO' KHOR GARK KIM
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date
29/06/2020
Detailed Reason (s) for cessation
Dato' Khor Gark Kim had not sought for re-election at the annual general meeting ("AGM"), and had accordingly retired as a Director upon the conclusion of the AGM. Dato' Khor is retiring as Director for Board renewal, having served as a Director for 14 years. Dato' Khor is also retiring due to his age, and would like to focus more on other commitments.

The Sponsor, after having interviewed Dato' Khor, is satisfied that save as disclosed, there are no other material reasons for the retirement of Dato' Khor as Lead 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
19/07/2006
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director
Remuneration Committee Chairman
Audit Committee Member
Nominating Committee Member
Role and responsibilities
Non-executive and Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
Advanced Systems Automation Limited