MISCELLANEOUS :: DISSOLUTION OF EXECUTIVE COMMITTEE

* Asterisks denote mandatory information

Name of Announcer *
INNOTEK LIMITED
Company Registration No.
199508431Z
Announcement submitted on behalf of
INNOTEK LIMITED
Announcement is submitted with respect to *
INNOTEK LIMITED
Announcement is submitted by *
Linda Sim Hwee Ai
Designation *
Company Secretary
Date & Time of Broadcast
25-Feb-2014 18:31:05
Announcement No.
00153

ANNOUNCEMENT DETAILS

Announcement Title *
Dissolution of Executive Committee
Description
The Board of Directors of the Company wishes to announce the dissolution of the Executive Committee ("ExCo") with immediate effect.

The ExCo was originally formed to assist the Board in the absence of a CEO after the Company disposed of its data storage business in 2008. Following the appointment of Mr. Yong Kok Hoon as the Company's Managing Director in 2010 who is now fully in charge of the InnoTek Group, the ExCo had served its purpose and the Board has decided to dissolve the ExCo which consist of the following members:
Mr. Robert S. Lette;
Mr. Peter Tan Boon Heng; and
Mr. Yong Kok Hoon.

The dissolution of the ExCo is not expected to have any material financial effect on the consolidated net tangible assets per share and consolidated earnings per share of the Company and its Group for the financial year ending 31 December 2014.

By Order of the Board
Yong Kok Hoon
Managing Director
Attachments
Total size = 0K
(2048K size limit recommended)