Change - Announcement of Cessation::Retirement of Lead Independent Director
Issuer & Securities
SYSMA HOLDINGS LIMITED
SYSMA HOLDINGS LIMITED - SG2F06984247 - 5UO
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Lead Independent Director
Submitted By (Co./ Ind. Name)
SIN SOON TENG
EXECUTIVE CHAIRMAN AND GROUP CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (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 document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Ms. Gillian Goh, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, email@example.com.
Name Of Person
Chen Timothy Teck-Leng @ Chen Teck Leng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Chen Timothy Teck-Leng @ Chen Teck Leng ("Mr Chen") has withdrawn his consent to seek for re-election as Director of the Company and he retires by rotation at the conclusion of the Annual General Meeting of the Company held on 27 November 2020.
Mr Chen has informed the Company that he needs to devote more time in pursuing other business opportunities.
After having interviewed Mr Chen and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Chen as the Independent Non-Executive 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director and Chairman of the Nominating Committee as well as a member of the Audit Committee and Remuneration Committee.
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
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TMC Education Corporation Ltd.
Tianshan Aluminum Co. Ltd.
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CCB Life Insurance Co. Ltd.