Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
STARLAND HOLDINGS LIMITED
Securities
STARLAND HOLDINGS LIMITED - SG2E72981474 - 5UA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Dec-2020 18:45:10
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG201221OTHRZJTU
Submitted By (Co./ Ind. Name)
Peng Peck Yen
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director

This announcement has been prepared by Starland Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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 Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01- 01, Singapore 229957, telephone (65) 65906881.

Additional Details

Name Of Person
Peng Peck Yen
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
21/12/2020
Detailed Reason (s) for cessation
Ms Peng is resigning as Executive Director due to the Board's succession planning. However, Ms Peng will continue to oversee the finance function of the group.

The Sponsor, after having interviewed Ms Peng, is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Ms Peng as 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?
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
18/02/2016
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
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.)
Executive Director
Role and responsibilities
Ms Peng was responsible for the overall business and general management, as well as finance function, of the group.
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
2,040 ordinary shares in Starland Holdings Limited
Past (for the last 5 years)
Nil
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