Change - Announcement of Cessation::Resignation of Independent Director and member of the Audit Committee

Issuer & Securities

Issuer/ Manager
WORLD PRECISION MACHINERY LIMITED
Securities
WORLD PRECISION MACHINERY LTD - SG1T29930156 - B49
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Feb-2016 18:32:55
Status
New
Announcement Sub Title
Resignation of Independent Director and member of the Audit Committee
Announcement Reference
SG160229OTHRC4WS
Submitted By (Co./ Ind. Name)
Wu Yufang
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director and member of the Audit Committee. Mr Cheng Hong was first appointed as a Non-Executive and Non-Independent Director on 16 February 2011 and subsequently re-designated as an Independent Director with effect from 27 February 2012.

Additional Details

Name Of Person
Cheng Hong
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
29/02/2016
Detailed Reason (s) for cessation
Resigned due to personal work commitments.
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)?
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, member of the Audit Committee.
Role and responsibilities
Independent Director, 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?
Yes
Shareholding Details
139,000 shares in World Precision Machinery Limited, of which 51,000 shares are registered under the name of his spouse, Lim Sock Chen.
Past (for the last 5 years)
SC Ventures Limited
Xin Li Investments (Singapore) Pte Ltd
Present
Sino-Capital Consulting Pte Ltd
Vineyard Investments Pte Ltd