Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
ACE ACHIEVE INFOCOM LIMITED
Securities
ACE ACHIEVE INFOCOM LIMITED - BMG007FR1026 - A75
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Aug-2014 21:15:10
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG140828OTHROBD0
Submitted By (Co./ Ind. Name)
Deng Zelin
Designation
Executive Chairman & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

Additional Details

Name Of Person
Ong Tiew Siam
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
28/08/2014
Detailed Reason (s) for cessation
Mr Ong Tiew Siam who retires pursuant to Bye-Law 86(1) of the Company's Bye-Laws at the close of the Annual General Meeting held on 28 August 2014 did not seek for re-election.
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
17/09/2004
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating and Remuneration Committees and a member of the Audit Committee.
Role and responsibilities
Duties of an Independent Director, Chairman of the Nominating and Remuneration Committees and a member of the Audit Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
China Flexible Packaging Holdings Limited
Present
1. Fung Choi Media Group Limited
2. Tat Hong Holdings Ltd
3. Design Studio Furniture Manufacturer Limited
4. Lizhong Wheel Group Ltd.
5. Valuetronics Holdings Limited