SGX Announcements
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Retirement of Independent Non-Executive Director - Yee Chia Hsing |
| Securities |
FIRST SPONSOR GROUP LIMITED (FIRST SPONSOR) |
| Date & Time of Broadcast | Apr 25, 2024 19:05 |
| Submitted By |
Neo Teck Pheng Executive Director and Chief Executive Officer |
| Description | Retirement of Mr Yee Chia Hsing as the Lead Independent Director and Non-Executive Director of the Company at the conclusion of the Annual General Meeting of the Company, held on 25 April 2024 ("AGM"). |
| Cessation Details | |
| Name of person | Yee Chia Hsing |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Apr 25, 2024 |
| Detailed reason(s) for cessation | As part of the Board renewal process, Mr Yee Chia Hsing retired from the Board as the Lead Independent Director of the Company upon the conclusion of the AGM. |
| 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 | May 19, 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 this 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 | 0 |
| Job Title | Lead Independent Director and a Member of Nominating Committee. |
| Role and responsibilities | Lead Independent Director and a Member of Nominating Committee. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details |
First Sponsor Group Limited - 690,900 ordinary shares - 28 warrants (2019) |
| Other directorships | |
| Past (for the last 5 years) |
Ezion Holdings Limited Datapulse Technology Limited |
| Present |
Ren Ci Hospital Beng Kuang Marine Limited Zhongmin Baihui Retail Group Ltd. |