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Change - Announcement Of Cessation :: Announcement Of Cessation Of Independent Director

BackApr 20, 2015
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Announcement of Cessation of Independent Director
Date & Time of Broadcast Apr 20, 2015 22:40
Submitted By Lim Ka Bee
Company Secretary
Description Please refer to the information below.
Cessation Details
Name of person Ang Mong Seng
Age 65
Is effective date of cessation known? Yes
Effective date for cessation Apr 20, 2015
Detailed reason(s) for cessation Mr Ang cessation in accordance with the Clause 4.2(b)(v) of the share purchase agreement entered into between the Company and DSS dated 11 July 2013 in relation to the Proposed Acquisition.
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 Jun 26, 1997
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this account this cessation) 4
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 2
Job Title Independent Director, RC Chairman, Member of AC and RC
Role and responsibilities Role and responsibilities of Independent Director, and that of RC Chairman, and member of AC and RC
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Nil
Shareholdings interest in the listed issuer and its subsidaries? No
Other directorships
Past (for the last 5 years) Vicplas International Ltd
Present Gaylin Holdings Limited
Pei Hwa Foundation Limited
Chip Eng Seng Corporation Limited
AnnAik Ltd
The Chinese Opera Institute
Ecowise Holdings Limited
Hoe Leong Corporation Ltd