| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 26, 2018 23:24 |
| Status | New |
| Announcement Sub Title | Retirement of Mr Peter Tan as an Independent Director |
| Announcement Reference | SG180426OTHRIPJ7 |
| 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 Christopher Chong Meng Tak's cessation as a director which took place on the same day as this announcement. |
| Additional Details | |
| Name Of Person | Peter Tan |
| Age | 64 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/04/2018 |
| Detailed Reason (s) for cessation | Mr Peter Tan did not seek re-election at the Annual General Meeting of the Company. Accordingly, he retired as 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 Director, Chairman of the Audit Committee and member of the Nominating & Corporate Governance Committee and Remuneration Committee |
| 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? | No |
| Past (for the last 5 years) | None |
| Present | PCI Limited |