| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 22, 2020 17:19 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Non-Independent Director |
| Announcement Reference | SG200622OTHR8MWK |
| Submitted By (Co./ Ind. Name) | Kwok Hwee Peng |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange" ) and the Exchange 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 (tel : (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Tatsuyuki Sakoda |
| Age | 55 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/07/2020 |
| Detailed Reason (s) for cessation | Mr Tatsuyuki Sakoda is resigning from the Board of Directors due to his appointment to a new role in Chori Co. Ltd, a controlling shareholder of the Company. The sponsor after having interviewed Mr Tatsuyuki Sakoda, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Tatsuyuki Sakoda as Non-Executive Non-Independent 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? | No |
| Date of Appointment to current position | 01/03/2019 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Non-Independent Director |
| Role and responsibilities | Non-Executive |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | He is an employee and a nominee director of Chori Co., Ltd, who is a 29.99% shareholder of Megachem Limited. |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Non-listed P.T. Chori Indonesia Chori Europe Gmbh Chori Co., Hong Kong Chori Commercial De Mexico SA De CV Chori Korea Co., Ltd Chori America, Inc Chori China Co., Ltd P.T Matsuoka Industries Indonesia |
| Present | Non-listed Miyako Kagaku Co., Ltd |
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