Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
PACIFIC STAR DEVELOPMENT LIMITED
Securities
PACIFIC STAR DEVELOPMENT LTD - SG1DE5000007 - 1C5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Jun-2019 18:21:36
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG190607OTHR9GNX
Submitted By (Co./ Ind. Name)
Glen Chan
Designation
CEO & Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). It has not
been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 David Yeong Kai Xiong (tel : (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Heng Su-Ling Mae
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
07/06/2019
Detailed Reason (s) for cessation
Ms Heng Su-Ling Mae ("Ms Heng") had expressed her desire to step down as a board member of the Company and to focus on her present work and other commitments. With the additions of new members to the Board as announced on 4 June 2019, Ms Heng is of the view that it is an appropriate time to step down and let the new Board lead the Company moving forward.


The Sponsor, after having interviewed Ms Heng is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Ms Heng as an Independent Director of the Company.

The Company expresses its gratitude to Ms Heng for her valuable contributions during her tenure of service.
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
07/08/2017
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee, and a member of the Nominating Committee and Remuneration Committee.
Role and responsibilities
Independent Director of the Company.
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
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