Change - Announcement of Cessation::Cessation of Non-Independent and Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
ITE ELECTRIC CO LTD
Securities
ITE ELECTRIC CO LTD - SG0581008505 - 581
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Sep-2016 00:41:43
Status
New
Announcement Sub Title
Cessation of Non-Independent and Non-Executive Chairman
Announcement Reference
SG160910OTHRZA2A
Submitted By (Co./ Ind. Name)
Wong Ming Kwong
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Independent and Non-Executive Chairman.

This announcement and its contents have been reviewed by the Company's sponsor, RHT Capital Pte Ltd ("Sponsor"), for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Nathaniel C.V., Registered Professional, RHT Capital Pte Ltd, Six Battery Road, #10-01 Singapore 049909, telephone (65) 6381 6757.

Additional Details

Name Of Person
Aw Cheok Huat
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
09/09/2016
Detailed Reason (s) for cessation
Cessation as a substantial shareholder.
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
28/08/2014
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)
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-Independent and Non-Executive Chairman and a member of the Audit Committee, Nominating Committee and Remuneration 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?
No
Past (for the last 5 years)
Nil
Present
Please refer to the attached.

Attachments