Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
DARCO WATER TECHNOLOGIES LIMITED
Securities
DARCO WATER TECHNOLOGIES LTD - SG1M47904586 - 5CB

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-May-2014 19:22:19
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG140530OTHRQ8HR
Submitted By (Co./ Ind. Name)
THYE KIM MENG
Designation
CHAIRMAN, MANAGING DIRECTOR AND CHIEF EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR

Additional Details

Name Of Person
Thye Ze Pin
Age
33
Is effective date of cessation known?
Yes
If yes, please provide the date
30/05/2014
Detailed Reason (s) for cessation
Mr. Thye Ze Pin who has retired pursuant to Article 106 of the Company's Articles of Association and he had not sought re-election at the Annual General Meeting held on 30 May 2014.
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
31/08/2012
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and a member of the Nominating Committee and Remuneration Committee
Role and responsibilities
Mr. Thye Ze Pin is the head of engineering operations in the Group for project management and water systems manufacturing.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nephew of Mr. Thye Kim Meng, Managing Director and Chief Executive Officer of the Company
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil