Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
POLLUX PROPERTIES LTD.
Securities
POLLUX PROPERTIES LTD. - SG1I77884290 - 5AE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Dec-2020 20:25:31
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG201207OTHR5FTP
Submitted By (Co./ Ind. Name)
Nico Purnomo Po
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director.

Additional Details

Name Of Person
James Kho Chung Wah
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
08/12/2020
Detailed Reason (s) for cessation
James Kho Chung Wah ("Mr. James") has decided to step down from the Board of the Company as he wishes to spend more time on his other existing commitments.

The Board of Directors and Management sincerely thank him for his invaluable contribution, dedication and commitment to the Company during his tenure with the Company.

Based on its enquiries, the Company's Sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr. James as the 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
29/05/2014
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Audit Committee and member of the Remuneration and Nominating Committee.
Role and responsibilities
Independent Director, Chairman of Audit Committee and member of the Remuneration and Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
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D&R International Capital Limited
Eminence Investment Pte Ltd
Fifth Avenue Group Pte. Ltd
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Intuition Solutions Pte. Ltd
Taiyo Asset Management Pte. Ltd
Pacific Star (Greater China) Pte Ltd
Present
SBI Offshore Limited
Rich Capital Holdings Limited
Willan Capital Pte. Ltd
Century Strategic Management Pte. Ltd
MIB Investments Private Limited
Platinum Project Consultancy Pte. Ltd
Sunshine Investments Pte Ltd
Willan (Tianjin) Asset Management Ltd
Willan (Tianjin) Business Advisory Ltd
Willan Consultants Pte. Ltd