Change - Announcement of Cessation::Vacating of the Office by Mr. Colin Ng Teck Sim

Issuer & Securities

Issuer/ Manager
CEI LIMITED
Securities
CEI LIMITED - SG1AI5000004 - AVV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2020 17:56:24
Status
New
Announcement Sub Title
Vacating of the Office by Mr. Colin Ng Teck Sim
Announcement Reference
SG200630OTHRFBZ4
Submitted By (Co./ Ind. Name)
Teo Soon Hock
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Vacating of the Office by Mr. Colin Ng Teck Sim

Additional Details

Name Of Person
Colin Ng Teck Sim
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2020
Detailed Reason (s) for cessation
The Board of Directors ("the Board") of CEI Limited ("the Company") wishes to announce the vacating of the office by Mr. Colin Ng Teck Sim ("Colin") as from 30 June 2020.

Colin has not been able to attend the Directors' Meetings from January to June 2020 and in the near term, due to medical reasons.

In accordance with the Company's Constitution [Regulation 111(k)], he has vacated his office as Director of the Company, Chairman of Nominating Committee, Member of Board Risk, Audit and Remuneration Committee.

The Board sincerely thank Colin for his valuable guidance and contributions to the growth of the Company. The Board wishes Colin well.
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
01/01/2007
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.)
Independent Director of the Company, Chairman of Nominating Committee, Member of Board Risk, Audit and Remuneration Committee.
Role and responsibilities
Independent Director
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?
Yes
Shareholding Details
157,000 shares
Past (for the last 5 years)
Aces Diamond Pte. Ltd.
Sundaram Asset Management Singapore
Pte. Ltd.
Venture Works Pte Ltd.
Chancery Estates Pte. Ltd.
CNP Services Pte. Ltd.
CNP Compliance Pte. Ltd.
Linkasia Consult Pte Ltd
SUTL Enterprise Limited
Present
CN (1988) Pte Ltd
B&K Securities Pte. Ltd.