|Name Of Person||Ronnie Tan Siew Bin ("Mr Ronnie Tan")|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||10/09/2018|
|Detailed Reason (s) for cessation||Disqualified from acting as a director for 5 years from 16 March 2017 pursuant to Section 155A of the Companies Act (Chapter 50) of Singapore. Mr Ronnie Tan is in the midst of filing an application to the Singapore High Court via an originating summons to rectify the situation.|
The Company wishes to thank Mr Ronnie Tan for his invaluable services and contribution to the Company in the last one and a half years.
Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Ronnie Tan Siew Bin as the Independent Director of the Company.
|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||08/02/2017|
|Does the AC have a minimum of 3 members (taking into account this cessation)?||No|
|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||0|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Independent Non-Executive Director, Chairman of the Nominating Committee, member of the Audit Committee, member of the Remuneration Committee|
|Role and responsibilities||The roles and responsibilities as Independent Non-Executive Director, Chairman of the Nominating Committee, member of the Audit Committee, member of the Remuneration Committee|
|Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries||None|
|Shareholding interest in the listed issuer and its subsidiaries?||No|
|Past (for the last 5 years)||Globull Investment and Development Pte. Ltd. |
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