Change - Announcement Of Resignation Of Executive Director
BackApr 26, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 26, 2023 17:35 |
| Status | New |
| Announcement Sub Title | Resignation of Executive Director |
| Announcement Reference | SG230426OTHRX7B9 |
| Submitted By (Co./ Ind. Name) | Kesavan Nair |
| Designation | Independent Non-Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Executive Director |
| Additional Details | |
| Name Of Person | Foo Sey Liang |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/04/2023 |
| Detailed Reason (s) for cessation | To pursue other personal interests. Mr Foo Sey Liang will remain as non-Executive Director to facilitate handover to the new Executive Director and Chief Executive Officer. |
| 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 | 10/04/2014 |
| 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.) | Executive Director |
| Role and responsibilities | Mr Foo Sey Liang is responsible for developing and monitoring strategies to ensure financial viability of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Deemed to be interested in the 28,405,000 Shares held by Flame Gold International Limited, by virtue of Section 7 of the Companies Act |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed interest in 28,405,000 shares |
| Past (for the last 5 years) | Directorships: BRC Asia Limited Other Principal Commitments: Nil |
| Present | (on 31 December 2022): Directorships: Unicos Tech Pte. Ltd. Visworx Sdn Bhd. Other Principal Commitments: Nil |