Change - Announcement of Cessation::Cessation of Executive Chairman and Director
Issuer & Securities
TECHNICS OIL & GAS LIMITED
TECHNICS OIL & GAS LIMITED - SG1N85910015 - 5CQ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Chairman and Director
Submitted By (Co./ Ind. Name)
Tay Mian Cheo
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ting Yew Sue as Executive Chairman and Director
Name Of Person
Ting Yew Sue
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Ting Yew Sue resigns due to medical reasons which require him to be away from work on an extended period.
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.)
Executive Chairman and Director
Role and responsibilities
Mr Ting Yew Sue is responsible for the general management and overall strategic planning and direction of Technics Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Ting Yew Sue is the father of Executive Director and Group Managing Director, Mr Ting Tiong Ching.
Shareholding interest in the listed issuer and its subsidiaries?
Mr Ting Yew Sue has a direct interest of 24,421,662 ordinary shares.
Past (for the last 5 years)
Technics Offshore International Pte. Ltd.
Norr Systems Hydraulics Pte Ltd
Technorr Marine Pte. Ltd.
Technics Offshore Engineering Pte Ltd
Technics Oil & Gas Limited
Petro Process System Pte. Ltd.
Norr Systems Pte. Ltd.