ANNOUNCEMENT OF CESSATION AS GROUP MANAGING DIRECTOR

* Asterisks denote mandatory information

Name of Announcer *
TECHNICS OIL & GAS LIMITED
Company Registration No.
200205249E
Announcement submitted on behalf of
TECHNICS OIL & GAS LIMITED
Announcement is submitted with respect to *
TECHNICS OIL & GAS LIMITED
Announcement is submitted by *
Ting Yew Sue
Designation *
Executive Chairman
Date & Time of Broadcast
28-Jan-2014 17:20:07
Announcement No.
00041

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
Name of person *
Ting Yew Sue
Age *
61
Is Effective Date of Cessation known? *
Yes
28/01/2014
Detailed Reason(s) for cessation *
As part of succession-planning, Mr Ting Yew Sue will relinquish the overall daily operational responsibility for the Group's business to his successor.
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
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 *
20/02/2003
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) *
Executive Chairman and Group Managing Director. Mr Ting Yew Sue will remain as Executive Chairman with effect from 28 January 2014 and continue to be actively involved in key strategic initiatives of Technics Group.
Role and responsibilities *
Mr Ting Yew Sue is responsible for the general management and overall strategic planning and direction of Technics Group.
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) *
3
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months *
1
Interest * in the listed issuer and its subsidiaries *
Mr Ting Yew Sue has a direct interest of 33,141,662 ordinary shares.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Mr Ting Yew Sue is the father of Executive Director, Mr Ting Tiong Ching and substantial shareholder, Mr Kelvin Ting Tiong Chau.

OTHER DIRECTORSHIPS

Past (for the last 5 years) *
NIL
Present *
Technics Offshore Engineering Pte Ltd
Technics Oil & Gas Limited
Petro Process System Pte Ltd
Technics Offshore International Pte Ltd (in the process of striking-off)
Norr Systems Pte Ltd
Norr Systems Hydraulics Pte Ltd
Footnotes
Attachments
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