News

Change - Announcement Of Retirement Of Non-Executive And Independent Director

BackJul 28, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jul 28, 2017 18:02
Status New
Announcement Sub Title Retirement of Non-Executive and Independent Director
Announcement Reference SG170728OTHRLAPN
Submitted By (Co./ Ind. Name) Lee Wei Hsiung
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) This Announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Company's Sponsor has not independently verified the contents of this Announcement.

This Announcement has not been examined or approved by the SGX-ST and the SGX-ST 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:-

Name: Mr Nathaniel C.V., Registered Professional, RHT Capital Pte. Ltd.
Address: Six Battery Road #10-01, Singapore 049909
Tel: 6381 6946
Additional Details
Name Of Person Wan Tai Foong
Age 48
Is effective date of cessation known? Yes
If yes, please provide the date 28/07/2017
Detailed Reason (s) for cessation Mr Wan Tai Foong, who retired by rotation pursuant to Article 91 of the Company's Constitution, did not offer himself for re-election and retired as an Independent Non-Executive Director of the Company at the conclusion of the Company's Annual General Meeting held on 28 July 2017.
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 26/02/2015
Does the AC have a minimum of 3 members (taking into account this cessation)? No
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) or Catalist Rule 704 (6) over the past 12 months 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive and Independent Director, a member of Audit and Remuneration Committees.
Role and responsibilities Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) Kim Eng Corporate Finance Pte Ltd
Rabobank Singapore Branch
Present Ace Frontier Investments Ltd
Qi Capital Pte Ltd