Change - Announcement of Cessation::Retirement of Non-Independent Non-Executive Director
Issuer & Securities
NEO GROUP LIMITED
NEO GROUP LIMITED - SG2E97983414 - 5UJ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Non-Independent Non-Executive Director
Submitted By (Co./ Ind. Name)
Neo Kah Kiat
Chairman & Chief Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Independent Non-Executive Director;
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor" ), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST"), Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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. Yee Chia Hsing, Head, Catalist. The contact particulars are 50 Raffles Place #09-01 Singapore Land Tower Singapore 048623, telephone: +65 6337 5115.
Name Of Person
Wong Hin Sun, Eugene
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Retirement as Non-Independent Non-Executive Director at the 6th Annual General Meeting of the Company held on 26 July 2018 to facilitate the board succession and renewal process as well as complying the requirements of the guideline of Code of Corporate Governance 2012 that the independent directors should make up at least half of the Board of Directors where the Chairman and Chief Executive Office is the same person.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director; members of Audit & Risk Committee, Nominating Committee and Remuneration Committee.
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Total deemed Interest of 4,420,000 ordinary shares (3.03%) held by Sirius Venture Capital Pte Ltd and his spouse.