Change - Announcement of Cessation::Resignation of Managing Director

Issuer & Securities

Issuer/ Manager
NGSC LIMITED
Securities
NGSC LIMITED - SG1I31881119 - B07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Jun-2020 18:53:06
Status
New
Announcement Sub Title
Resignation of Managing Director
Announcement Reference
SG200619OTHRKEYC
Submitted By (Co./ Ind. Name)
Michael Kuan-Chi Sun
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Managing Director

Additional Details

Name Of Person
Lye Meng Yiau
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
19/06/2020
Detailed Reason (s) for cessation
To pursue other career opportunities.
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
15/10/2019
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director
Role and responsibilities
Responsible for the Group's financial, administrative and risk management functions as well as day-to-day management of the Group's business and operations.
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
Direct Interest - 5,000,000 ordinary shares of NGSC Limited
Past (for the last 5 years)
Telemedia Pacific Communications Pte. Ltd.
Present
Ovton Pte. Ltd.
NGSC Capital Pte. Ltd.
NGSC Investment Management Pte. Ltd.
Ban Joo Global Pte. Ltd.
Arch Capital Limited
Hillgo Asia Limited
China UnifiedNet Holdings Limited