Change - Announcement of Cessation::Announcement of Cessation of CEO and Director

Issuer & Securities

Issuer/ Manager
AEM HOLDINGS LTD.
Securities
AEM HOLDINGS LTD - SG1BA1000003 - AWX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Feb-2018 07:59:12
Status
New
Announcement Sub Title
Announcement of Cessation of CEO and Director
Announcement Reference
SG180201OTHR4Q8T
Submitted By (Co./ Ind. Name)
Soh Wai Kong
Designation
Company Secretary
Effective Date and Time of the event
02/04/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
Mr. Cher Lew Siang, Charles will retire as CEO and Director of the Company on 1 April 2018 and remain as Senior Advisor of the Board until 31 December 2018.

Additional Details

Name Of Person
Cher Lew Siang, Charles
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
01/04/2018
Detailed Reason (s) for cessation
Retirement
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
01/04/2014
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.)
CEO and Director
Role and responsibilities
Executive - Overall management of the Group's strategy, business, operation and financial matters.
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
Direct interest in AEM shares of 1,025,568 and 233,543 share options
Past (for the last 5 years)
AEM (Hong Kong) Co., Limited;
AEM Platronics (M) Sdn. Bhd.;
AEM Platronics (S) Pte. Ltd;
Microcircuit Technology (M) Sdn. Bhd.;
Microcircuit Technology (S) Pte Ltd;
Qualitek Electronics (M) Sdn Bhd
Present
AEM Singapore Pte Ltd;
AEM China (S) Pte. Ltd;
AEM International (US) Ltd.;
AEM Microtronics (M) Sdn. Bhd.;
AEM Microtronics (Suzhou) Co. Ltd;
InspiRain Technologies Pte. Ltd.