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Change - Announcement Of Cessation Of Independent Non-Executive Chairman

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02 March 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Mar 2, 2018 18:25
Status New
Announcement Sub Title Cessation of Independent Non-Executive Chairman
Announcement Reference SG180302OTHRSYEG
Submitted By (Co./ Ind. Name) Philip Cecil Rickard
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Announcement of Cessation of Independent Non-Executive Chairman

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 Ms. Tay Sim Yee (Telephone number: +65 6532 3829), at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.
Additional Details
Name Of Person Intekhab Ahmad Khan s/o Teffail Mohamed Khan
Age 48
Is effective date of cessation known? Yes
If yes, please provide the date 03/03/2018
Detailed Reason (s) for cessation Mr Intekhab Ahmad Khan s/o Teffail Mohamed Khan ("Mr Khan") has decided to step down as the Independent Non-Executive Chairman and as a member of the Audit, Nominating and Remuneration Committees of the Company, having served on the Board for almost 3 years. This will allow for a renewal in the Board composition of the Company.

Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Khan as the Independent Non-Executive Chairman 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 28/03/2016
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) 3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Non-Executive Chairman
Role and responsibilities Non-executive. Mr Khan was also a member of the Audit Committee, Nominating Committee and the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Not applicable.
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details As at the date of this announcement, Mr Khan has deemed interest of 57,176,294 shares of the Company by virtue of his 100% holdings in the issued and paid up capital of Kaalasona Limited., representing 6.1% of the issued ordinary shares of the Company.
Past (for the last 5 years) Not applicable.
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