Change - Announcement of Cessation::Resignation of Non-Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
AUSGROUP LIMITED
Securities
AUSGROUP LIMITED - SG1R38924838 - 5GJ
AUSGROUP S$110M 5% N221203 - SG6TF6000008 - 18WB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jun-2020 17:57:45
Status
New
Announcement Sub Title
Resignation of Non-Independent and Non-Executive Director
Announcement Reference
SG200604OTHRZV4Z
Submitted By (Co./ Ind. Name)
Kim Yi Hwa
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Toh Bee Yong as Non-Independent and Non-Executive Director of the Company.

Additional Details

Name Of Person
Toh Bee Yong
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
04/06/2020
Detailed Reason (s) for cessation
Mr Toh Bee Yong resigned to focus on his other principal commitments.

The Board would like to acknowledge his tremendous contribution to the Board during his tenure as director and thank him for the invaluable services rendered to AusGroup.
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
11/01/2019
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent and Non-Executive Director
Role and responsibilities
As a Non-Independent and Non-Executive Director of the Company
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Toh Bee Yong is the father of Mr Toh Shi Jie. Mr Toh Shi Jie has been appointed as Non-Independent and Non-Executive Director of the Company with effect from 4 June 2020.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 356,093,525 ordinary shares in the Company
Past (for the last 5 years)
Directorships:
Unisteel Technology Limited
Sonic Clean Pte. Ltd.
SPI Precision (Suzhou) Pte. Ltd.
Uni-Capital Limited
Unifund Investors Limited
J.C. Metal Pte. Ltd.

Principal Commitments excluding Directorships:
Head of Division Electronics, SFS Group AG
Present
Directorships:
Straits Corporation Pte. Ltd.
Hoon Leng Yie (Temple) Ltd
Pei Hwa Foundation Limited
Rippledot Capital Advisers Pte. Ltd.

Principal Commitments excluding Directorships:
None