| Announcement of Cessation of Executive Director, Chief Financial Officer and Chief Operating Officer | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | K1 VENTURES LIMITED |
| Company Registration No. | 197000535W |
| Announcement submitted on behalf of | K1 VENTURES LIMITED |
| Announcement is submitted with respect to * | K1 VENTURES LIMITED |
| Announcement is submitted by * | Kenny Lee/Winnie Mak |
| Designation * | Company Secretaries |
| Date & Time of Broacast | 09-May-2013 19:15:28 |
| Announcement No. | 00135 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Jeffrey Alan Safchik |
| Age * | 62 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 09/05/2013 |
| Detailed Reason(s) for cessation * | The resignation is part of an overall intention to have a majority of independent directors on the Board. Mr Safchik remains as Chief Financial Officer and Chief Operating Officer of the Company after stepping down as Executive Director. |
| 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 |
| Date of Appointment to current position * | 07/05/2010 |
| Job Title * | Executive Director, Chief Financial Officer and Chief Operating Officer |
| Role and responsibilities * | Responsible for the financial and operational matters of the Company. |
| 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 resignation) * | 3 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 3 |
| Interest in the listed issuer and its subsidiaries * | 197,500 deemed interest in Helm Financial Corporation |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | Canadian International School PTE LTD Cardean Learning Group, LLC K-1 USA Ventures, Inc. K-1 USA Management, Inc. K-1 Investment Series I, Inc. K1-USA Energy Production Corporation Mid Pac Petroleum, LLC K-1 Wireless, Inc. PS Wirelesss, Inc. Semco Energy, Inc. HGC Holdings, LLC The Gas Company, LLC CP k-1 Investment, LLC k1 Investments (I) Pte Ltd |
| Present * | Affomix Partners, LLC Avion Investment Partners, LLC Beach Investment Partners, Inc. Condors LLC D.L. Enterprises, Inc. Freestones LLC Green Family Foundation, Inc. Green Family Holdings, Inc. Greenstreet Capital Management, Inc. Greenstreet Capital Partners, LLC Greenstreet Equity Partners, LLC Greenstreet Management Partners, LLC Greenstreet Management, Inc. GRST Realty Management Partners, LLC GS Maritime Holding, LLC GS/Patronis Group, Inc. GS/Patronis, Inc. Helm Gallery, Inc. U.S.A. K-1 Holdings Equity I, Inc. KLC Realty Holdings LLC KLC Realty LLC KLC Realty, Inc. Knowledge Schools, LLC Knowledge Universe Holdings LLC Knowledge Universe learning Group LLC Long Haul Holding Corp KU Education, Inc. KC Propco Holdings II LLC KC Propco LLC KC Propco Holdings I LLC KC Mezco II LLC KC Mezco I LLC MSK Holdings Corp Mini-Skools LTD Raydiance Inc GKB Holdings Pte Ltd Knowledge Universe Education Holdings, Inc KUE Management Inc Knowledge Universe Global Inc |
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