Change - Announcement of Cessation::Announcement of Cessation as Independent Director who is an Audit Committee Member

Issuer & Securities

Issuer/ Manager
FORELAND FABRICTECH HLDS LTD
Securities
FORELAND FABRICTECH HLDS LTD - BMG3658Z1041 - B0I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Nov-2014 22:01:34
Status
New
Announcement Sub Title
Announcement of Cessation as Independent Director who is an Audit Committee Member
Announcement Reference
SG141104OTHR8IPU
Submitted By (Co./ Ind. Name)
Tsoi Kin Chit
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Mr Leow Yong Kin has provided one month's notice of his resignation to the Board with effect from 31 October 2014.
The Board of Directors of Foreland Fabrictech Holdings Limited (the Company together with its subsidiaries, the Group) wishes to announce the resignation of Mr Leow Yong Kin as an Independent Director of the Company with effect from 30 November 2014. Mr Leow will also cease to be the Chairman of the Audit Committee, member of the Nominating Committee and Remuneration Committee.

The Board would like to express its appreciation to Mr Leow for his contribution as Independent Director and the chairing of the Audit Committee.

The Company will appoint new Independent Director to fill up the vacancy as soon as possible and will announce the appointment accordingly.

Additional Details

Name Of Person
Leow Yong Kin
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2014
Detailed Reason (s) for cessation
Differences in opinion with the Management in relation to the appointment of Auditors.
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
05/06/2014
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the AC, member of NC and RC.
Role and responsibilities
Non Executive Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
None
Present
None