|Name Of Person||Charles Choi Spackman|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||19/12/2017|
|Detailed Reason (s) for cessation||Resignation is part of management restructuring to enable more frontline executives to directly participate on the Board level for increased efficiency and objectivity, as Mr. Spackman devotes more time to pursue his other personal business interests.|
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 resignation of Mr. Spackman as the Executive Chairman and Chief Executive Officer 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?||Yes|
|If Yes, Please provide full details||The Company plans to appoint two new directors to the Board, pending required due diligence, one of which will serve as the interim CEO and both as Executive Directors of the Company. |
In addition, Mr. Anthony Wei Kit Wong will be re-designated from Independent Director to Non-Executive and Independent Chairman of the Company.
|Date of Appointment to current position||20/06/2014|
|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 months||0|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Executive Chairman and Chief Executive Officer |
|Role and responsibilities||Group strategic planning and overall management of the Company and the Group. |
|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)||Spackman Media Group Limited |
Spackman Equities Limited
Spackman Entertainment Group (HK) Limited
Spackman Media Group Pte. Ltd.
Spackman Equities Group Inc.
|Present||Spackman Capital Group Limited |
Spackman Group Limited