Change - Announcement of Cessation::Retirement of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
HEATEC JIETONG HOLDINGS LTD.
Securities
HEATEC JIETONG HOLDINGS LTD. - SG1Y31945526 - 5OR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Apr-2017 23:09:43
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG170417OTHRA0HQ
Submitted By (Co./ Ind. Name)
Soon Jeffrey
Designation
Executive Director and Chief Executive Officer
Effective Date and Time of the event
17/04/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), for compliance with the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "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 notice, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Seah Kian Peng
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
17/04/2017
Detailed Reason (s) for cessation
Mr. Seah had retired pursuant to Regulations 98 and 99 of the Company's Constitution at the conclusion of the Company's Annual General Meeting held on 17 April 2017.

The Sponsor, after having interviewed Mr. Seah, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Seah as a Director of the Company.
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
22/06/2009
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
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Skywest Airlines Ltd
Present
Director and Chairman of HR and Compensation Committee of National Parks Board

Director/ Chairman of Audit Committee of Singapore Olympic Foundation

Chairman of Marine Parade Leadership Foundation