Change - Announcement Of Cessation :: Cessation Of Executive Director And Chief Executive Officer
BackJan 26, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 26, 2024 18:12 |
| Status | New |
| Announcement Sub Title | CESSATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER |
| Announcement Reference | SG240126OTHRO360 |
| Submitted By (Co./ Ind. Name) | Eunice Hooi |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | CESSATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER DBS Bank Ltd. acted as the sole issue manager for the business combination of Vertex Technology Acquisition Corporation Ltd with 17LIVE Inc. |
| Additional Details | |
| Name Of Person | Lien Chien-Lin |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/01/2024 |
| Detailed Reason (s) for cessation | For personal family reasons. |
| 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 | 07/12/2023 |
| 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 | 5 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Chief Executive Officer |
| Role and responsibilities | Mr. Lien is responsible for the Group's overall operations and strategic direction. |
| 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? | Yes |
| Shareholding Details | Mr. Lien holds 1,167,728 ordinary shares in the listed issuer. |
| Past (for the last 5 years) | Nil |
| Present | - Ichi Nana Inc. - Next Entertainment Global Holding - Next Entertainment Limited - 17LIVE Japan Inc. |