Change - Announcement of Cessation::Cessation of Independent Director - Chau King Fai, Philip
Issuer & Securities
Issuer/ Manager
SINOCLOUD GROUP LIMITED
Securities
SINOCLOUD GRP LIMITED - BMG8191N2038 - LYY
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jun-2023 18:23:29
Status
New
Announcement Sub Title
Cessation of Independent Director - Chau King Fai, Philip
Announcement Reference
SG230622OTHRXJFP
Submitted By (Co./ Ind. Name)
Chan Andrew Wai Men
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by SinoCloud Group Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
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 Sponsor is Mr Alex Tan, Chief Executive Officer, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.
Additional Details
Name Of Person
Chau King Fai, Philip
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
21/06/2023
Detailed Reason (s) for cessation
Mr Chau King Fai, Philip ("Mr Chau") had on 21 June 2023 tendered his resignation as Independent Director of the Company with immediate effect, due to the increasing workload of his work and other business commitments which makes it difficult for Mr Chau to continue allocating sufficient time to perform his duties as an Independent Director of the Company. Following Mr Chau's resignation, Mr Chau will also cease to be a member of the Remuneration Committee, the Nominating Committee and the Audit Committee of the Company.
After having interviewed Mr Chau and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Chau as an 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
09/05/2019
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)
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.)
Independent Director and a member of the Remuneration Committee, the Nominating Committee and the Audit Committee
Role and responsibilities
Assumed the role and responsibilities as an Independent Director and a member of the Remuneration Committee, the Nominating Committee and the Audit Committee
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?
No
Past (for the last 5 years)
Kenvast International Limited (dissolved)
Present
Nil
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