Announcements
Change - Announcement Of Resignation Of Executive Director
Feb 21, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 21, 2023 22:12 |
| Status | New |
| Announcement Sub Title | Resignation of Executive Director |
| Announcement Reference | SG230221OTHRK2JA |
| Submitted By (Co./ Ind. Name) | Pierre Prunier |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Executive Director of the Board - Ngo Yit Sung This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Charmian Lim (telephone no.: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Ngo Yit Sung |
| Age | 41 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/03/2023 |
| Detailed Reason (s) for cessation | Mr Ngo Yit Sung ("Mr Ngo") was appointed as Executive Director on 15 April 2021 with the responsibility of overseeing the corporate communications, investor relations, and strategic initiatives related to the Group's transformation into the identity management and biometrics space. In view of the Group's successful entry and diversification into the field, Mr Ngo has decided to step down from his position as Executive Director of the Company and instead focus on the Group's investor relations matters. Mr Ngo will be redesignated as Senior Vice President of Investor Relations effectively on 1 March 2023. The Company's sponsor, SAC Capital Private Limited, after having interviewed Mr Ngo, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Ngo as Executive Director of the Board 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 | 15/04/2021 |
| 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) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director of the Board |
| Role and responsibilities | Mr Ngo was responsible for the Group's overall business development, corporate communications, as well as executing strategic corporate initiatives for the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil. |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | 1. Netlink VJ Pte Ltd 2. Solaris Technology Sdn Bhd 3. International Biometrics Pte. Ltd. |
| Present | Nil |