Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION AS INDEPENDENT DIRECTOR WHO IS A MEMBER OF AUDIT COMMITTEE

Issuer & Securities

Issuer/ Manager
ISR CAPITAL LIMITED
Securities
ISR CAPITAL LIMITED - SG1P04916067 - 5EC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Dec-2016 21:10:26
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION AS INDEPENDENT DIRECTOR WHO IS A MEMBER OF AUDIT COMMITTEE
Announcement Reference
SG161205OTHRPOSI
Submitted By (Co./ Ind. Name)
CHEN TONG
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

Additional Details

Name Of Person
Levin Lee Keng Weng
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
03/12/2016
Detailed Reason (s) for cessation
Due to family commitments.
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?
Yes
If Yes, Please provide full details
Mr Levin Lee had initially tendered his resignation on 29 July 2016 but accede to the request to stay on till a replacement director is found.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/02/2016
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration Committee and a member of Audit Committee
Role and responsibilities
To perform the functions of independent non executive director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N/A
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Ace Peck Investment Pte. Ltd.
2. Weng Capital Pte. Ltd.
3. Shin Chin Pte. Ltd.
4. Sinosteel (Wen An) Pte. Ltd.
5. Universal Car Rental Private Limited
Present
Ace Peck Capital Group Pte. Ltd.

Attachments

ISR - Announcement - Change of Composition of Board.pdf
Total size =66K