Change - Announcement of Cessation::RETIREMENT OF A DIRECTOR
Issuer & Securities
NEW WAVE HOLDINGS LTD.
NEW WAVE HOLDINGS LTD. - SG1Q78923675 - 5FX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RETIREMENT OF A DIRECTOR
Submitted By (Co./ Ind. Name)
Ong Kian Soon
Chief Executive Officer
Effective Date and Time of the event
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, PrimePartners Corporate Finance 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 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 Jennifer Tan, Senior Manager, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: email@example.com).
Name Of Person
Lee Seng Chan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
As part of his personal retirement plans, Mr Lee Seng Chan has opted not to seek re-election as a Director of the Company at the Company's Annual General Meeting held earlier today. As such, Mr Lee will also relinquish his position as the Chairman of the Nominating Committee.
Other than as disclosed in this announcement, there are no other reasons for the cessation of Mr Lee as a Director of the Company.
Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in the announcement, there are no material reasons for the cessation of Mr Lee as a 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?
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.)
Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and the Remuneration Committee
Role and responsibilities
Mr Lee served as an Independent Director of the Company and Chairman of the Nominating Committee. He is also a member of the Audit Committee and the Remuneration Committee. His responsibilities included ensuring good corporate governance for the Company, promoting effectiveness of the Board and the individual directors and performing other responsibilities as outlined under the terms of reference of the Nominating Committee, the Audit Committee and the Remuneration Committee.
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?
Past (for the last 5 years)
UHY Lee Seng Chan & Co (Managing Partner)