Change - Announcement of Cessation::Resignation of General Manager
Issuer & Securities
SecuritiesPOLLUX PROPERTIES LTD. - SG1I77884290 - 5AE
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast24-Aug-2016 17:10:37
Announcement Sub TitleResignation of General Manager
Announcement ReferenceSG160824OTHR7HQ0
Submitted By (Co./ Ind. Name)Nico Purnomo Po
DesignationChief Executive Officer
Description (Please provide a detailed description of the event in the box below)This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited (formerly known as Canaccord Genuity Singapore Pte. Ltd.) ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms. Goh Mei Xian (Tel: (65) 6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.
Additional Details
Name Of PersonChoy Kong Yan
Is effective date of cessation known?Yes
If yes, please provide the date26/08/2016
Detailed Reason (s) for cessationTo pursue new career opportunity.
The Company's Sponsor, SAC Advisors Private Limited, has interviewed Mr Choy Kong Yan and based on its enquiries, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Choy Kong Yan.
The Chief Executive Officer of the Company, Dr. Nico Po will assume Mr Choy's duties to ensure continued smooth functioning of the operation and business of the Group subsequent to the cessation of Mr Choy.
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 position05/05/2014
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)2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)General Manager
Role and responsibilitiesMr Choy is responsible for the overall supervision and management of the operation and business of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNo
Shareholding interest in the listed issuer and its subsidiaries?No
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