Change - Announcement of Cessation::Retirement of Executive Director

Issuer & Securities

Issuer/ Manager
TAI SIN ELECTRIC LIMITED
Securities
TAI SIN ELECTRIC LIMITED - SG1F88861140 - 500
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Feb-2016 17:15:15
Status
New
Announcement Sub Title
Retirement of Executive Director
Announcement Reference
SG160219OTHR3BUR
Submitted By (Co./ Ind. Name)
TAN SHOU CHIEH
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Mr. Lim Chye Huat @ Bobby Lim Chye Huat is retiring from executive duties on 1 July 2016. He will however continue to serve as a Non-Executive Director of the Company.

Additional Details

Name Of Person
Lim Chye Huat @ Bobby Lim Chye Huat
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2016
Detailed Reason (s) for cessation
Retirement from executive duties.
Remains as a Non-Executive 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
01/07/2013
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.)
Executive Director
Role and responsibilities
(i) Work closely with, and through the CEO, to develop the Group's vision, strategic agenda, and business plan and facilitate communication and understanding between management and the Board.

(ii) Formulate business strategies and policies in consultation with the CEO and management team to achieve established goals and objectives as set up by the Board of Directors
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mdm. Goh Soo Luan - Wife
Mr. Lim Chai Lai @ Louis Lim Chai Lai - Brother
Mdm. Chan Kum Lin - Sister-in-law
Mr. Lim Boon Chin Benjamin - Son
Mr. Lim Boon Hock Bernard - Son
Mdm. Pang Yoke Chun - Daughter-in-law
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest in 34,515,897 Tai Sin Shares
Deemed Interest in 24,021,985 Tai Sin Shares
Past (for the last 5 years)
Creative Master Bermuda Ltd
Dynamic Colours Limited
Sinjia Land Limited formerly known as HLN Technologies Limited
LKH Lamps Sdn Bhd
Vynco Industries (NZ) Limited
VL Holdings Limited
Present
Cadi Scientific Pte Ltd
Heating Equipment Pte Ltd
Numoni Pte Ltd
P-Parking International Pte Ltd
Lim Kim Hai Electric Co (S) Pte. Ltd.
LKH Precicon Pte. Ltd.
Tai Sin Electric Cables (Malaysia) Sdn Bhd
Tai Sin (Vietnam) Pte Ltd
Tai Sin Electric Cables (VN) Co Ltd