| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 28, 2020 17:50 |
| Status | New |
| Announcement Sub Title | Relinquishment of Chief Executive Officer |
| Announcement Reference | SG200228OTHR92I3 |
| Submitted By (Co./ Ind. Name) | Lim Kai Ching |
| Designation | Group CFO |
| Effective Date and Time of the event | 30/04/2020 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Mr Michio Tanamoto will relinquish his position as Chief Executive Officer following the conclusion of the forthcoming Annual General Meeting of the Company which is proposed to be convened on 30 April 2020. Mr Tanamoto will continue to remain as Chairman and Executive Director of the Company. |
| Additional Details | |
| Name Of Person | Michio Tanamoto |
| Age | 63 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2020 |
| Detailed Reason (s) for cessation | Mr Tanamoto will relinquish his position as Chief Executive Officer but remain as Chairman and Executive Director, while Mr Kenji Fukuyado, an Executive Director, will succeed Mr Tanamoto as Chief Executive Officer. This is in accordance with good corporate governance to have the positions of Chairman and CEO held by separate persons. |
| 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 | 30/04/2014 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Relinquish the position of Chief Executive Officer but remain as Executive Chairman |
| Role and responsibilities | Mr Tanamoto will relinquish his position of Chief Executive Officer which role is to lead the management and staff of the Group in the day-to-day running of the Group's business in accordance with the strategy as approved by the Board, while Mr Tanamoto will remain as Chairman and Executive Director, which role is to lead the Board in setting and implementing the Group's direction and strategy. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 1,970,468 shares in the Company |
| Past (for the last 5 years) | 1. Uni Ships and Management (Taiwan) Limited 2. Uni Ships and Management Korea Ltd. |
| Present | 1. Uni-Asia Group Limited 2. Uni-Asia Holdings Limited 3. Uni-Asia Shipping Limited 4. Uni Ships and Management Limited 5. Uni-Asia Capital Company Limited 6. Uni-Asia Guangzhou Property Management Company Limited 7. Uni-Asia Hotels Limited 8. Uni-Asia Capital (Japan) Ltd. 9. Uni-Asia Investment Ltd. 10. Vista Hotel Management Co., Ltd 11. Uni-Sala Capital Investment Ltd 12. United Wise Capital Investment Limited 13. Uni-Prosperous Capital Investment Limited 14. Uni-Asia Fund Management Company Ltd. 15. Uni-Asia Wellgain Capital Investment Ltd. 16. Uni-Asia Services and Agency Limited 17. Uni-Asia Capital (Singapore) Limited |
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