Change - Announcement of Cessation::RETIREMENT OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
JASON MARINE GROUP LIMITED
Securities
JASON MARINE GROUP LIMITED - SG1Y80949072 - 5PF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Jan-2018 18:24:35
Status
New
Announcement Sub Title
RETIREMENT OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Announcement Reference
SG180131OTHR5MOQ
Submitted By (Co./ Ind. Name)
FOO CHEW TUCK
Designation
EXECUTIVE CHAIRMAN
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, CIMB Bank Berhad, Singapore Branch (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Tan Cher Ting, Director, Investment Banking, CIMB Bank Berhad, Singapore Branch, at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone (65) 6337 5115.

Additional Details

Name Of Person
Tan Lian Huat
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2018
Detailed Reason (s) for cessation
Mr Tan Lian Huat is retiring and will relinquish all his appointments within the Group. He will step down as a director of the Company and will also cease to be a director of the Company's various subsidiaries and associated companies. Based on its enquiries, the Company's Sponsor, CIMB Bank Berhad, Singapore Branch, is satisfied that save as disclosed in this announcement, there is no other material reason for the cessation of appointment of Mr Tan Lian Huat.
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
09/09/2007
Does the AC have a minimum of 3 members (taking into account this cessation)?
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) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
Responsible for the daily management and operations of the Group as well as oversees its strategies and growth.
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
1,020,000
Past (for the last 5 years)
BAZE MARINE & OFFSHORE PTE. LTD.
Present
JASON ASIA PTE LTD
JASON ELECTRONICS (PTE) LTD
JASON VENTURE PTE LTD
KODEN SINGAPORE PTE LTD
JASON ELEKTRONIK (M) SDN BHD
SENSE INFOSYS PTE LTD
JASON ELECTRONICS (THAILAND) CO., LTD.
PT JASON ELEKTRONIKA