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Change - Announcement Of Cessation :: Announcement Of Cessation Of Executive Director And Acting Chief Executive Officer

BackApr 20, 2015
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Announcement of Cessation of Executive Director and Acting Chief Executive Officer
Date & Time of Broadcast Apr 20, 2015 22:31
Submitted By Lim Ka Bee
Company Secretary
Description Please refer to the information below.
Cessation Details
Name of person Pauline Lee
Age 50
Is effective date of cessation known? Yes
Effective date for cessation Apr 20, 2015
Detailed reason(s) for cessation Ms Pauline Lee 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 Jul 8, 2011
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) 2
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 0
Job Title Executive Director and Acting Chief Executive Officer
Role and responsibilities Role and responsibilities of Executive Director and Acting Chief Executive Officer
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? Yes
Shareholding Details Ms Pauline Lee has a deemed interest in 1,000,000 shares in United Fiber System Limited.
Other directorships
Past (for the last 5 years) Nil
Present Able Advance Ltd
Anrof Singapore Limited
Pacificwood Investment Ltd
Poh Lian Development Private Limted
Poh Lian Realty Pte Ltd
Shinning Spring Resources Ltd