Change - Announcement of Cessation::Retirement of Lin Choon Hin as Executive Director of the Company

Issuer & Securities

Issuer/ Manager
NORDIC GROUP LIMITED
Securities
NORDIC GROUP LIMITED - SG2C45963924 - MR7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2017 22:40:29
Status
New
Announcement Sub Title
Retirement of Lin Choon Hin as Executive Director of the Company
Announcement Reference
SG170426OTHRNNPQ
Submitted By (Co./ Ind. Name)
Chang Yeh Hong
Designation
Chairman/Executive Director
Description (Please provide a detailed description of the event in the box below)
Pursuant to Resolution 3 passed at the Annual General Meeting on 26 April 2017, in accordance with Article 104 of the Constitution of the Company, Mr Lin Choon Hin has retired as Director of the Company and has decided not to seek re-election.

Mr Lin Choon Hin will remain with the Group as Head of Product Development of Nordic Flow Control Pte. Ltd.

Additional Details

Name Of Person
Lin Choon Hin
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2017
Detailed Reason (s) for cessation
Pursuant to Resolution 3 passed at the Annual General Meeting on 26 April 2017, in accordance with Article 104 of the Constitution of the Company, Mr Lin Choon Hin has retired as Director of the Company and has decided not to seek re-election.

Mr Lin Choon Hin will remain as Head of Product Development of Nordic Flow Control Pte. Ltd.
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
30/06/2010
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Executive Director
Role and responsibilities
Mr Lin Choon Hin is responsible for aspects relating to production facilities, quality assurance and control, as well as development of new products. Following his retirement, he will remain as Head of Product Development of Nordic Flow Control Pte. Ltd. and his responsbilities would remain largely the same.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None noted.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
44,050,000 ordinary shares in the Company
Past (for the last 5 years)
Nordic Flow Control Pte. Ltd.
Nordic Service Centre Pte Ltd
Austin Energy (Asia) Pte Ltd
Austin Energy Offshore Pte Ltd
Multiheight Scaffolding Pte Ltd
Multiheight Marine Pte Ltd
Present
Nordic Flow Control Pte. Ltd.
Nordic Service Centre Pte Ltd
Austin Energy (Asia) Pte Ltd
Austin Energy Offshore Pte Ltd
Multiheight Scaffolding Pte Ltd
Multiheight Marine Pte Ltd