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Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
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Oct 28, 2013
| Resignation Details | |
| Name Of Person | Khoo Ming Hon |
| Age | 45 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 28/10/2013 |
| Detailed Reason(s) for Cessation | Due to other work commitments, Mr Khoo sought retirement as a Director of the Company pursuant to Article 107 of the Company's Articles of Association at the Annual General Meeting held on 28 October 2013. Based on its enquiries, the Company's Sponsor, Canaccord Genuity Singapore Pte. Ltd., is satisfied that, save as disclosed, there are no other material reasons for the cessation of Mr Khoo as an Independent Director. |
| 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 | 05/05/2009 |
| Job Title | Independent Director, Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees. |
| Role and Responsibilities | Fulfilling the duties of an Independent Director, Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees. |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | No |
| 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 | None |
| Other Directorship | |
| Past Directorship (for the last five years) | Nil |
| Present Directorship | Nil |
| Other Notes | |
| Footnotes | The Company will use its best endeavours to fill the vacancy following the retirement of Mr Khoo as soon as practicable and will make an announcement in due course. This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Canaccord Genuity Singapore Pte. Ltd. for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). Canaccord Genuity Singapore Pte. Ltd. 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 Mr. Alex Tan, Chief Executive Officer, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160. |
