POLARIS LTD. 
By | Resignation Details | |
| Name Of Person | Wong Lock Chee |
| Age | 55 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 26/07/2011 |
| Detailed Reason(s) for Cessation | Due to the admission of a new controlling shareholder, 3 new directors had joined the Board. Mr Wong would like to allow the Company to renew its Board membership to bring it to the next phase of development. |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 13/11/2009 |
| Job Title | Executive Director |
| Role and Responsibilities | To review overall business of the Company and to identify new strategic investment for the Company. |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 1 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 2 (excluding this announcement) |
| Shareholding in the listed issuer and its subsidiaries | Direct Interest- 11,888,000 ordinary shares in CarrierNet Global Ltd. Deemed Interest - 1,000,000 ordinary shares in CarrierNet Global Ltd. under his spouse name |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorship | |
| Past Directorship (for the last five years) | Nil |
| Present Directorship | Siamese Fins Restaurant Pte Ltd 3G Telecoms Pte Ltd Mataban Development Pte Ltd AG World Pte Ltd Easi Advance Pte Ltd Pasir Ria Development Pte Ltd Business Corporate Services Pte Ltd Next Capital Pte Ltd Next Capital JV Pte Ltd Next Capital Holdings Pte Ltd Jethro Investment Pte Ltd Falmac Limited Jin Shan Capital Pte Ltd Asia IT Network Pte Ltd Next Capital Entertainment Pte Ltd |
| Other Notes | |
| Footnotes | This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by 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 Mr Yap Wai Ming Tel: 6389 3000 Email: waiming.yap@stamfordlaw.com.sg |
CARRIERNET GBL : Announcement Of Cessation As Executive Director
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