| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 26, 2018 23:23 |
| Status | New |
| Announcement Sub Title | Retirement of Mr Christopher Chong Meng Tak as an Independent Director |
| Announcement Reference | SG180426OTHRZPY8 |
| Submitted By (Co./ Ind. Name) | Tan Swee Gek |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The details of the contact person for the Sponsor is: Name: Mr Nathaniel C.V. (Registered Professional, RHT Capital Pte. Ltd.) Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619 Tel: 63816757 Please note that the number of cessations set out below does not take into account Mr Peter Tan's cessation as a director which took place on the same day as this announcement. |
| Additional Details | |
| Name Of Person | Christopher Chong Meng Tak |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/04/2018 |
| Detailed Reason (s) for cessation | Mr Christopher Chong is subject to retirement pursuant to Regulation 87 of the Company's Constitution and did not seek re-election at the Annual General Meeting of the Company. Accordingly, he retired as the Non-Executive Group Chairman and an Independent Director of the Company on 26 April 2018 at the conclusion of the Annual General Meeting. |
| 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 | 24/06/2015 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent & Non-Executive Group Chairman, Chairman of Nominating & Corporate Governance Committee & Remuneration Committee & Audit Committee member |
| Role and responsibilities | Non-Executive Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 11,082,200 ordinary shares |
| Past (for the last 5 years) | Matrix Management Group Pty Ltd Singapore O&G Ltd. Yingli International Real Estate Ltd Lehat Holdings Pty Ltd Koon Holdings Ltd Lorenzo Ltd Koda Ltd |
| Present | Forise International Limited Jumplus Holdings Ltd ASL Marine Holdings Ltd. GLG Corp Ltd. ACH Investments Pte Ltd Tian-An Pty Ltd Paromay Ltd |