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

Issuer & Securities

Issuer/ Manager
EDITION LTD.
Securities
EDITION LTD. - SG1S42927578 - 5HG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Oct-2016 18:48:50
Status
New
Announcement Sub Title
Change - Announcement of Cessation of Executive Director
Announcement Reference
SG161010OTHRW4ZA
Submitted By (Co./ Ind. Name)
Ong Boon Chuan
Designation
Executive Chairman and Chief Executive Officer
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, SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Company's 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 correctness of any of the statements or opinions made, or reports contained in this Announcement.

The contact person for the Company's Sponsor is Ms. Tan Pei Woon (Telephone: (65) 6532 3829) at 1 Robinson Road, #21-02, AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Lee Jei Hoon
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
10/10/2016
Detailed Reason (s) for cessation
To pursue personal interest.

The Company's Sponsor, SAC Capital Private Limited, has contacted Mr. Lee Jei Hoon and based on its enquiries, is satisfied that other than disclosed in this announcement, there are no material reasons for his cessation as the 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
16/09/2004
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.)
Executive Director
Role and responsibilities
Executive. Responsible for providing guidance and oversight on financial planning and financial management of Onion Holdings Co., Ltd., a previous subsidiary of the Company.
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?
Yes
Shareholding Details
60,198,000 ordinary shares of the Company representing approximately 2.4% in the issued and paid-up capital of the Company (excluding treasury shares).
Past (for the last 5 years)
Nil
Present
Onion Holdings Co., Ltd.