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

Issuer & Securities

Issuer/ Manager
ASIATRAVEL.COM HOLDINGS LTD
Securities
ASIATRAVEL.COM HOLDINGS LTD - SG1J72891703 - 5AM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2020 23:34:26
Status
New
Announcement Sub Title
Cessation of Non-Executive Independent Director
Announcement Reference
SG201230OTHREV9U
Submitted By (Co./ Ind. Name)
Boh Tuang Poh
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, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The 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 Sponsor is Mr Mah How Soon - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Guok Chin Huat Samuel
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
30/12/2020
Detailed Reason (s) for cessation
Yes. Mr. Guok is of the view that the Company has not provided him information he requested and is unable to discharge his duties as an Independent Director of the Company effectively. He has thus expressed his desire to resign as the Independent Director of the Company.

Nonetheless, the Company and the remaining Directors are of the view that information on any material matters that would have an impact on the Group or its financial reporting provided has been provided to the Board for the Board to discharge its duties.

Based on its enquiries, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, other than as disclosed in this announcement there are no other material reasons for the resignation of Mr Guok as 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
15/03/2017
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)
1
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, RC Chairman, AC Member, NC Member
Role and responsibilities
Independent Director, RC Chairman, AC Member, NC Member
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Bukit Sembawang Estates Ltd
2. Datapulse Technology Ltd
Present
1. StarHealth Pte Ltd
2. Global Palm Resources Holdings Ltd
3. Redwood Group Limited
4. RE & S Holdings Pte Ltd
5. Tellus Asset Management Pte Ltd
6. International Cement Group Ltd.