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Change - Announcement Of Resignation Of Chief Strategy Officer
BackJul 27, 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Chief Strategy Officer |
| Securities | ISOTEAM LTD. (ISOTEAM) |
| Date & Time of Broadcast | Jul 27, 2016 17:24 |
| Submitted By | Koh Thong Huat Executive Director and Chief Executive Officer |
| Description | With the resignation of Mr Tan Wei, Mr Koh Thong Huat, the Chief Executive Officer of the Company will assume the responsibilities of Chief Strategy Officer until the replacement comes on board. This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Hong Leong Finance Limited for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 Tang Yeng Yuen, Vice President, Head of Corporate Finance, at 16 Raffles Quay, #40-01A Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886. |
| Cessation Details | |
| Name of person | Tan Wei |
| Age | 40 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jul 26, 2016 |
| Detailed reason(s) for cessation | To pursue other interests. |
| 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 | Nov 20, 2015 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | 0 |
| Job Title | Chief Strategy Officer |
| Role and responsibilities | Responsible for strategic planning, business and corporate development and evaluating and executing the Group's investments and acquisitions. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 663,100 ordinary shares in the Company |
| Other directorships | |
| Past (for the last 5 years) | Pinnacle Ridge Ltd |
| Present | None |