Highlights


Change - Announcement of Cessation::CESSATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR
Issuer & Securities
Issuer/ ManagerPACIFIC STAR DEVELOPMENT LIMITED
SecuritiesPACIFIC STAR DEVELOPMENT LTD - SG1DE5000007 - 1C5
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast08-Nov-2018 23:42:42
StatusNew
Announcement Sub TitleCESSATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement ReferenceSG181108OTHR4F74
Submitted By (Co./ Ind. Name)GLEN CHAN
DesignationCEO AND MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)CESSATION 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, 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 Mr David Yeong, SAC Capital Private Limited at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. Telephone number: +65 6232 3210.
Additional Details
Name Of PersonTEO KHEE HWEE
Age50
Is effective date of cessation known?Yes
If yes, please provide the date08/11/2018
Detailed Reason (s) for cessationMr Teo Khee Hwee ("Mr Teo") had expressed his desire to step down as a board member of the Company and to pursue other opportunities.

The Sponsor, after having interviewed Mr Teo, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Teo as a Non-Independent Non-Executive Director.

The Company expresses its gratitude to Mr Teo for his valuable contributions during his tenure of service.
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 position01/08/2017
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 months1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Non-Independent Non-Executive Director
Role and responsibilitiesNon-Independent Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNo
Shareholding interest in the listed issuer and its subsidiaries?No
Past (for the last 5 years)NA
PresentETEO Consulting Pte Ltd
Intellectual Property Office of Singapore

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