Change - Announcement of Cessation::Cessation of Chief Operating Officer
Issuer & Securities
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast29-Jun-2018 23:41:48
Announcement Sub TitleCessation of Chief Operating Officer
Announcement ReferenceSG180629OTHRSN29
Submitted By (Co./ Ind. Name)Glen Chan
DesignationCEO and Managing Director
Description (Please provide a detailed description of the event in the box below)Cessation of Chief Operating Officer and Head of Property Division.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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 Mr David Yeong, SAC Capital Private Limited at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. Telephone number: +65 6532 3829.
Additional Details
Name Of PersonKAM TIN SEAH
Is effective date of cessation known?Yes
If yes, please provide the date29/06/2018
Detailed Reason (s) for cessationMr Kam Tin Seah has resigned as Chief Operating Officer and Head of Property Division of the group to pursue other career opportunities. The Company expresses its gratitude to Mr Kam for his contributions during his tenure of service. Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, after having interviewed Mr Kam, is satisfied that other than disclosed in the announcement, there are no other material reasons for Mr Kam's resignation.
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 position02/05/2017
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 months3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Chief Operating Officer and Head of Property Division
Role and responsibilitiesOverseeing the operations of the group and leading its Property Division and reporting to the Chief Executive Officer.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNil
Shareholding interest in the listed issuer and its subsidiaries?No
Past (for the last 5 years)Novena Square Development Ltd
Novena Square Investments Ltd
UOL Development Pte Ltd
KEFA Alliances Pte Ltd
Lew Foundation
UOL Property Investments Pte Ltd
UOL Somerset Investments Pte Ltd
UOL Ventures Investments Pte. Ltd.
UOL Capital Investments Pte. Ltd.
UOL Overseas Development Pte. Ltd.
Peak Ventures Pte. Ltd.
UOL Residential Development Pte. Ltd.
Tianjin UOL Xiwang Real Estate Development Co.
PresentGateway Entertainment Pte Ltd
Faith Community Baptist Church