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Change - Announcement Of Cessation Of Independent Director Who Is A Member Of Audit Committee

BackOct 15, 2014
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Cessation of Independent Director who is a member of Audit Committee
Securities TEHO INTERNATIONAL INC LTD. (TEHO)
Date & Time of Broadcast Oct 15, 2014 17:16
Submitted By Lim See Hoe
Executive Chairman and Chief Executive Officer
Description Cessation of Independent Director who is a member of Audit Committee.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Company's 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 contact person for the Sponsor is Ms Alicia Kwan (Tel: (65) 6221 5590) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.
Cessation Details
Name of person Terrance Tan Kong Hwa
Age 48
Is effective date of cessation known? Yes
Effective date for cessation Oct 31, 2014
Detailed reason(s) for cessation In support of the Board renewal plan, Mr Tan will not be seeking re-election as Director at the forthcoming annual general meeting of the Company.

The Company's Sponsor has contacted Mr Tan and based on its enquiries, is satisfied that other than as disclosed in this announcement, there are no other material reasons for his cessation.
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 May 5, 2009
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 the Nominating Committee and member of the Audit and Remuneration Committees.
Role and responsibilities Fulfilling the duties of Independent Director, Chairman of the Nominating Committee and member of the 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) Please refer to attached
Present Please refer to attached

Attachments

  1. Attachment 1 (Size: 8,976 bytes)