INVESTOR RELATIONS
Newsroom
31 Oct 2013
Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
| Resignation Details | |
| Name Of Person | Tan Soo Kiat |
| Age | 54 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 31/10/2013 |
| Detailed Reason(s) for Cessation | Mr. Tan who has retired pursuant to Bye-Law 104 of the Company's Bye-Laws and he had not sought for re-election at the Annual General Meeting held on 31 October 2013. |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 27/09/2004 |
| Job Title | Chairman of Audit Committee and Member of Nominating Committee and Remuneration Committee |
| Role and Responsibilities | Fulfilling duties and responsibilities as an Independent Director, Chairman of Audit Committee and Member of Nominating Committee and Remuneration Committee. |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 3 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 2 |
| Shareholding in the listed issuer and its subsidiaries | NA |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NA |
| Other Directorship | |
| Past Directorship (for the last five years) | China Precision Technology Ltd (resigned on 20 January 2010, following delisting) China Lifestyle Food & Beverages Group Ltd (resigned on 31 May 2010, following delisting) ISR Capital Limited (previously known as Asiasons WFG Financial Ltd.; retired on 27 April 2012) Luye Pharma Group Ltd. (resigned on 30 November 2012, following delisting) |
| Present Directorship | Dyna-Mac Holdings Ltd. Nam Lee Pressed Metal Industries Limited Nico Steel Holdings Limited |
| Other Notes | |
| Footnotes | Asiasons WFG Capital Pte Ltd was the financial adviser to the Company in relation to the acquisition of the entire issued share capital of OKH Holdings Pte. Ltd. (the "Financial Adviser"). The Financial Adviser assumes no responsibility for the contents of this announcement. |