Arion Entertainment Singapore Limited announced resignation of Mr. Kesavan Nair as Independent Non-Executive Director, Chairman of the Nominating Committee, and member of the Audit Committee and Remuneration Committee.
Reason For Cessation: Mr. Nair, who has served on the Board for more than 10 years, will step down from the Board to facilitate Board renewal. Accordingly, Mr. Kesavan Nair will relinquish his role as Independent Non-Executive Director of the Company and his position as Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee. After having interviewed Mr. Nair and to the best of its knowledge, the Company's Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Nair as an Independent Non-Executive Director of the Company.