Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
CSE GLOBAL LIMITED
Securities
CSE GLOBAL LTD - SG1G47869290 - 544
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Apr-2019 18:31:53
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG190418OTHR8A89
Submitted By (Co./ Ind. Name)
Lai Kuan Loong, Victor
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

Additional Details

Name Of Person
Lee Soo Hoon, Phillip
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
18/04/2019
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Lee Soo Hoon, Phillip retired as a Director at the conclusion of the Annual General Meeting ("AGM") of the Company held on 18 April 2019 and he did not seek for re-election.

Consequent thereto, Mr Lee also ceased to be the Chairman of the Audit and Risk Committee and a member of the Nominating Committee.
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
22/01/1999
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)
6
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.)
Independent Director, Chairman of Audit and Risk Committee and Member of Nominating Committee
Role and responsibilities
Independent Director
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
Direct Interest - 450,000 shares
Past (for the last 5 years)
- Transcorp Holdings Limited
- Heatec Jietong Holdings Limited
- IPC Corporation Limited
Present
- G K Goh Holdings Limited
- Estate & Trust Agencies (1972) Limited
- LMIRT Management Limited
- Kluang Rubber Company (Malaya) Berhad
- Sungei Began Rubber Company (Malaya) Berhad
- Kuchai Development Berhad