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Change - Announcement Of Resignation Of Non-Executive Non-Independent Director
BackJul 23, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 23, 2020 18:00 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Non-Independent Director |
| Announcement Reference | SG200723OTHRDFW8 |
| Submitted By (Co./ Ind. Name) | Tan Lay Hong |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive Non-Independent Director - Mr Syed Nazim Bin Syed Faisal |
| Additional Details | |
| Name Of Person | Syed Nazim Bin Syed Faisal |
| Age | 39 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/07/2020 |
| Detailed Reason (s) for cessation | Following the cessation of Serba Dinamik Holdings Berhad ("Serba") as the controlling shareholder of the Company on 6 July 2020, Mr Syed Nazim Bin Syed Faisal ("Mr Syed"), being nominated by Serba to act as Director of the Company, gave notice of his resignation as Non-Executive Non-Independent Director of the Company. Consequent thereto, Mr Syed also ceased to be a member of Audit & Risk and Investment Committees. |
| 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 | 02/05/2018 |
| 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) | 7 |
| 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.) | - Non-Executive Non-Independent Director - Member of Audit & Risk and Investment Committees |
| Role and responsibilities | Non-Executive |
| 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 | - Serba Dinamik Holdings Berhad - Green & Smart Holdings Plc - Fahrenheit Cafe Sdn Bhd - NAK Ventures Sdn Bhd - BIRR Capital Limited - PT Amorsk Indonesia - RFK Technologies Sdn Bhd - Ifiber Holdings Sdn Bhd |
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