Highlights


Change - Announcement of Cessation::Cessation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
ARTIVISION TECHNOLOGIES LTD.
Securities
ARTIVISION TECHNOLOGIES LTD. - SG1X21941023 - 5NK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Aug-2019 18:00:14
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Executive Officer
Announcement Reference
SG190827OTHRUQN7
Submitted By (Co./ Ind. Name)
Harry Ng Weng Sui
Designation
Non-Executive Chairman and Independent Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Goh Tzu Seoh Kenneth as Executive Director and Chief Executive Officer of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Goh Tzu Seoh Kenneth
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
02/09/2019
Detailed Reason (s) for cessation
Mr Goh Tzu Seoh Kenneth has resigned as an Executive Director and the Chief Executive Officer of the Company to pursue other career opportunities.

The Company's sponsor, ZICO Capital Pte. Ltd., after having interviewed Mr Goh, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Goh as a Director 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?
Yes
If Yes, Please provide full details
Following the resignation of Mr Goh, the Audit Committee of the Company will not be able to meet the requirement of Section 201B(4) of the Companies Act (Cap. 50) of Singapore and Rule 704(7) of the Catalist Rules with regards to the Audit Committee having a minimum number of 3 members. The Company shall endeavour to fill the vacancy within two (2) months, and in any case not later than three (3) months.
Date of Appointment to current position
23/06/2011
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chief Executive Officer and Member of the Audit Committee
Role and responsibilities
Executive, responsible for managing the day-to-day operations of and business of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
None

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