Announcement Of Cessation As Executive Director

BackNov 05, 2013
Resignation Details
Name Of Person Chung Wah Sang
Age 54
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 05/11/2013
Detailed Reason(s) for Cessation Following the completion of the mandatory unconditional cash offer as disclosed in the Company's circular dated 16 October 2013, Mr Chung will step down as a director of the Company and will assume his management role in Company's subsidiaries.
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 06/05/2005
Job Title Executive Director and Chairman
Role and Responsibilities Formulate & execute the Group's business strategies and policies, managing the Group's human resource affairs and charting the growth of the Group
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) 2
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months 1
Shareholding in the listed issuer and its subsidiaries NIL
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries NIL
Other Directorship
Past Directorship (for the last five years) Not applicable
Present Directorship Please refer to attachment.


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