Change - Announcement of Cessation::Cessation of Executive Director/ Vice Chairman

Issuer & Securities

Issuer/ Manager
ABTERRA LTD.
Securities
ABTERRA LTD - SG2C12961455 - L5I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2015 18:20:32
Status
New
Announcement Sub Title
Cessation of Executive Director/ Vice Chairman
Announcement Reference
SG150430OTHRGUW1
Submitted By (Co./ Ind. Name)
Lau Yu
Designation
Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director/ Vice Chairman.

Additional Details

Name Of Person
Lin Xizhong
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2015
Detailed Reason (s) for cessation
Retired pursuant to Section 153(2) of the Companies Act, Chapter 50. Mr Lin did not seek re-election at the Annual General Meeting held on 30 April 2015.
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
06/02/2007
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)
1
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 and Vice Chairman of the Board of Directors
Role and responsibilities
Executive 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
250,000 shares
Past (for the last 5 years)
General Nice Development Ltd.
Fortune Oil PLC
China Shipping (Group) Company
State Development & Investment Corporation
Present
Nil