INVESTOR RELATIONS
Newsroom
10 Oct 2016
Change - Announcement Of Cessation As An Independent Director Of The Company
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation as an Independent Director of the Company |
| Securities | OKH GLOBAL LTD. (OKHGLOB) |
| Date & Time of Broadcast | Oct 10, 2016 7:50 |
| Submitted By | Chew Kok Liang Company Secretary |
| Description | Upon the resignation of Mr Lee Teck Leng Robson as Independent Director, Mr Lee will cease to be Chairman of Nominating Committee, a member of Audit and Remuneration Committees with immediate effect. The Company will endeavour to fill the vacancy in the Board Committees within 2 months to comply with Listing Rules 704(8) of the Listing Manual. |
| Cessation Details | |
| Name of person | Lee Teck Leng Robson |
| Age | 48 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Oct 7, 2016 |
| Detailed reason(s) for cessation | Mr Lee Teck Leng Robson has served a full term of 3 years as independent director and he does not intend to renew his appointment as Independent Director at the coming AGM of the Company |
| 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? | Yes |
| If yes, please provide full details | The Management has requested and the Board was inclined, subject to further discussion with the Company's external auditors on the required timeline, to accede to the Management's request to submit an application to the Singapore Exchange for an extension of the Company's AGM instead of the original date of 28 October 2016 for the AGM. Mr Lee did not disagree with the Board's decision. He has resigned as an Independent Director as he does not wish to extend his directorship beyond one term of office. The Company will make the necessary announcement(s) on any extension of the AGM date, subject to the approval of the Singapore Exchange. |
| Date of appointment to current position | Oct 31, 2013 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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 | 1 |
| Job Title | Independent Director, Chairman of Nominating Committee, Member of Audit and Remuneration Committees |
| Role and responsibilities | Assumed the roles of Independent Director, Chairman of Nominating Committee, Member of Audit and Remuneration Committees |
| 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) | Qian Hu Corporation Ltd Best World International Ltd |
| Present | Matex International Limited Sheng Siong Group Limited Serial System Ltd Sim Lian Group Limited Man Wah Holdings Limited (a company listed on the Hong Kong Stock Exchange) |