Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2014 18:48:55
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
Submitted By (Co./ Ind. Name)
Lye Chee Fei Anthony
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Company will use its best endeavours to fill the vacancy following the resignation of Mr Ng Teck Sim Colin as soon as practicable and will make an announcement in due course.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Soo Hsin Yu, Associate Director, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone: (65) 6854 6160.

Additional Details

Name Of Person
Ng Teck Sim Colin
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mainly to devote more time to other appointments and directorships where Mr Ng Teck Sim Colin can make more meaningful contributions.

Based on its enquiries, the Company's Sponsor, Canaccord Genuity Singapore Pte. Ltd. is satisfied that, save as disclosed, there are no other material reasons for the cessation of Mr Ng as an Independent Director.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee, member of Audit and Remuneration Committees.
Role and responsibilities
Discharged duties as a member of the Board Committees in accordance with the Terms of Reference of the respective Committees and as a Board member excercised joint and several responsibilities with the Board of Directors.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
150,000 shares in TSH Corporation Limited
Past (for the last 5 years)
TSH Corporation Limited; Sinergy Solutions Pte Ltd
Achieva Limited; Aztech Group Ltd; CEI Contract Manufacturing Limited; Chaswood Resources Holdings Ltd; Aces Diamond Pte Ltd; B&K Securities Pte Ltd; Chancery Estates Pte Ltd; CN(1988) Pte Ltd; CNP Compliance Pte Ltd; CNP Services Pte Ltd; Linkasia Consult Pte Ltd; Sundaram Asset Management Singapore Pte Ltd; Venture Works Pte Ltd.