Change - Announcement of Cessation::CESSATION OF VICE PRESIDENT, SALES AND MARKETING

Issuer & Securities

Issuer/ Manager
PACIFIC STAR DEVELOPMENT LIMITED
Securities
PACIFIC STAR DEVELOPMENT LTD - SG1DE5000007 - 1C5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Mar-2019 18:07:38
Status
New
Announcement Sub Title
CESSATION OF VICE PRESIDENT, SALES AND MARKETING
Announcement Reference
SG190327OTHRZEEQ
Submitted By (Co./ Ind. Name)
GLEN CHAN
Designation
CEO AND MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
CESSATION OF VICE PRESIDENT, SALES AND MARKETING


This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr David Yeong, SAC Capital Private Limited at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. Telephone number: +65 6232 3210.

Additional Details

Name Of Person
PATRICK MAH KUANG YEH
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2019
Detailed Reason (s) for cessation
Mr Patrick Mah Kuang Yeh has resigned as Vice President, Sales and Marketing to pursue other personal interests and career opportunities.

The Company thanks Mr Mah for his valuable contributions during his tenure of service.

Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, after having interviewed Mr Mah, is satisfied that other than disclosed in the announcement, there are no other material reason for Mr Mah's resignation.
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
15/02/2017
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Vice President, Sales and Marketing
Role and responsibilities
Responsible for developing designs for tender exercises, developing marketing strategies and budgets.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil