First Resources : Announcement of Cessation as Independent Director

Change - Announcement of Cessation::Resignation of Independent Director

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CHANGE - ANNOUNCEMENT OF CESSATION::RESIGNATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager

FIRST RESOURCES LIMITED

Securities

FIRST RESOURCES LIMITED - SG1W35938974 - EB5

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Cessation

Date &Time of Broadcast

21-Dec-2021 17:18:51

Status

New

Announcement Sub Title

Resignation of Independent Director

Announcement Reference

SG211221OTHRV0R0

Submitted By (Co./ Ind. Name)

Chester Leong

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Resignation of Independent Director

Additional Details

Name Of Person

Lim Ming Seong

Age

74

Is effective date of cessation known?

https://links.sgx.com/1.0.0/corporate-announcements/1K5V6V0703SSE29V/d0f25a1... 21/12/2021

Change - Announcement of Cessation::Resignation of Independent Director

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Yes

If yes, please provide the date

31/12/2021

Detailed Reason (s) for cessation

Mr Lim Ming Seong has served as an Independent Director of the Company for an aggregate period of more than 9 years and is resigning as part of the board renewal process.

Consequent to his resignation as an Independent Director, he will also be vacating his positions as Chairman of the Board and the Nominating Committee as well as member of the Remuneration Committee 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

01/10/2007

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 months

1

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Independent Director, Chairman of the Board and Nominating Committee as well as member of the Remuneration Committee

Role and responsibilities

Independent Director, Chairman of the Board and Nominating Committee as well as member of the Remuneration Committee

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?

https://links.sgx.com/1.0.0/corporate-announcements/1K5V6V0703SSE29V/d0f25a1... 21/12/2021

Change - Announcement of Cessation::Resignation of Independent Director

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Yes

Shareholding Details

• 50,000 ordinary shares of the Company in his own name; and
• 50,000 ordinary shares of the Company held under the name of Citibank Nominees Singapore Pte Ltd.

Past (for the last 5 years)

• STT GDC Pte. Ltd.
• Aegis Medical Care Pte. Ltd.
• CSE W-Industries, Inc
• CSE Icon, Inc.
• CSE (Americas) Pte. Ltd.
• CSE Global (Americas) Pte. Ltd.
• StarHub Ltd

Present

• CSE Global Ltd
• Singapore Technologies Telemedia Pte Ltd
• STT Communications Ltd
• Amplus Communication Pte Ltd
• U Mobile Sdn Bhd

https://links.sgx.com/1.0.0/corporate-announcements/1K5V6V0703SSE29V/d0f25a1... 21/12/2021