Change - Announcement of Cessation::Cessation of Non-Executive and Independent Chairman

Issuer & Securities

Issuer/ Manager
KOYO INTERNATIONAL LIMITED
Securities
KOYO INTERNATIONAL LIMITED - SG1X69942156 - 5OC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2016 17:51:01
Status
New
Announcement Sub Title
Cessation of Non-Executive and Independent Chairman
Announcement Reference
SG161230OTHRW7MX
Submitted By (Co./ Ind. Name)
Chin Hooi Yen
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive and Independent Chairman.

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 Mr. Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles Singapore 049318; telephone (65) 6229 8088.

Additional Details

Name Of Person
Lee Chen Chong ("Mr. Lee")
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2017
Detailed Reason (s) for cessation
To focus on personal business interests in Malaysia.

Based on its enquiries, the Company's Sponsor, Primepartners Corporate Finance Pte. Ltd., is satisfied that, otherwise than as disclosed in this announcement, there are no material reasons for the cessation of Mr. Lee as Non-Executive and Independent Chairman.
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
21/01/2009
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Board, Chairman of the Audit Committee and member of the Remuneration Committee.
Role and responsibilities
To perform the functions of Non-Executive and Independent Chairman and fulfilling duties and responsibilities as Chairman of the Audit Committee and a member of the Remuneration Committee.
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?
Yes
Shareholding Details
500,000 ordinary shares in Koyo International Limited
Past (for the last 5 years)
Kriss Asset Holdings Berhad
Present
IGB Real Estate Investment Trust