Change - Announcement of Cessation::Retirement of Executive Director
Issuer & Securities
WORLD PRECISION MACHINERY LIMITED
WORLD PRECISION MACHINERY LTD - SG1T29930156 - B49
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Executive Director
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Wu Yufang as an Executive Director of the Company at the conclusion of the Company's Annual General Meeting to be held on 28 April 2016. Mr Wu Yufang will remain as Chief Executive Officer and an executive officer as defined under the SGX-ST Listing Manual and and shall be responsible for the overall operations of World Precise Machinery (China) Co., Ltd.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Wu Yufang who does not wish to seek re-election pursuant to Article 89 of the Company's Constitution, will retire as an Executive Director at the conclusion of the Annual General Meeting to be held on 28 April 2016.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Responsible for the overall operations of World Precise Machinery (China) Co., Ltd.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)