Change - Announcement of Cessation::Retirement of Non-Executive and Lead Independent Director

Issuer & Securities

Issuer/ Manager
WE HOLDINGS LTD.
Securities
WE HOLDINGS LTD. - SG2C00960329 - 5RJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jul-2016 18:53:45
Status
New
Announcement Sub Title
Retirement of Non-Executive and Lead Independent Director
Announcement Reference
SG160729OTHRVD60
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This Announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Company's Sponsor has not independently verified the contents of this Announcement.

This Announcement has not been examined or approved by the SGX-ST and the SGX-ST 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:-

Name: Ms Amanda Chen, Registered Professional, RHT Capital Pte. Ltd.
Address: Six Battery Road #10-01, Singapore 049909
Tel: 6381 6757

Additional Details

Name Of Person
Tan Wee Peng Kelvin
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
29/07/2016
Detailed Reason (s) for cessation
Mr Tan Wee Peng Kelvin retired by rotation at the conclusion of the Annual General Meeting of the Company held on 29 July 2016.
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
16/02/2011
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Lead Independent Director, Chairman of the Audit and Remuneration Committees and a member of the Nominating Committee.
Role and responsibilities
Non-Executive
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
9,282,878 shares
Past (for the last 5 years)
Great Wall Majestic Pte Ltd
Citistate Capital Pte Ltd
M! Capital Ventures Pte Ltd
Marshal Systems Private Limited
Present
Asia Business Development Pte Ltd
GBE Holdings Pte Ltd
GBE Investments Pte Ltd
NL Consulting Pte Ltd
YK Management Pte Ltd
Aperio Technology Pte Ltd
DBE Consulting Pte Ltd
Golden Equator Capital Pte Ltd
IREIT Global Group Pte Ltd
Viking Offshore and Marine Ltd
Shanghai Turbo Enterprises Ltd
Transcorp Holdings Ltd