Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ARTIVISION TECHNOLOGIES LTD.
Securities
ARTIVISION TECHNOLOGIES LTD. - SG1X21941023 - 5NK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2016 17:34:19
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG160930OTHRT3U7
Submitted By (Co./ Ind. Name)
SOH SAI KIANG
Designation
NON-EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
RESIGNATION OF INDEPENDENT DIRECTOR

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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 Mr Sebastian Jones (Tel: (65) 6532 3829) at 1 Robinson Road, AIA Tower #21-02, Singapore 048542. SAC Advisors Private Limited is a wholly-owned subsidiary of SAC Capital Private Limited.

Additional Details

Name Of Person
TAN KHEE GIAP
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2016
Detailed Reason (s) for cessation
Pursuant to current National University of Singapore policy, university staff members are restricted to holding four (4) independent directorships. Dr Tan Khee Giap is resigning from the Company to comply with the said policy.

SAC Advisors Private Limited, after having interviewed Dr Tan Khee Giap, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Dr Tan Khee Giap.
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
18/06/2008
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)
4
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.)
Independent Director, Chairman of Remuneration Committee, Member of Audit Committee and Nominating Committee
Role and responsibilities
Independent and Non-Executive
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
3,238,000 ordinary shares in the capital of the Company

450,000 outstanding options granted under the Artivision Technologies Employee Share Option Plan expired on the effective date of resignation
Past (for the last 5 years)
Independent Director of Forterra Trust
Present
Independent Director of BreadTalk Group Limited
Independent Director of TEE Land Limited
Independent Director of Boustead Projects Limited
Independent Director of Chengdu Rural Commercial Bank Co., Ltd.