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

Issuer & Securities

Issuer/ Manager
PAN ASIAN HOLDINGS LIMITED
Securities
PAN ASIAN HOLDINGS LIMITED - SG1Q04920423 - 5EW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Aug-2017 21:25:55
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG170801OTHRQMZP
Submitted By (Co./ Ind. Name)
Richard Koh Chye Heng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and 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 Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Goh Boon Kok
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
01/08/2017
Detailed Reason (s) for cessation
Mr Goh Boon Kok having served in the Company for 8 years, Mr Goh has decided for retirement as a Director to pursue other personal interests.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than disclosed in this announcement, there are no material reasons for the resignation of Mr Goh Boon Kok as the Lead 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
20/03/2009
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)
1
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.)
Lead Independent Director
Role and responsibilities
Lead 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
2,150,000 Ordinary Shares
Past (for the last 5 years)
1) Magnus Energy Group Limited
2) Blumont Group Ltd
3) Greatronic Ltd
4) Super Group Limited
5) Goh Boon Kok & Co
Present
GDS Global Limited