Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
SINOPIPE HOLDINGS LIMITED
Securities
SINOPIPE HOLDINGS LIMITED - SG1S70928191 - X06
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Sep-2016 23:53:21
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG160909OTHRVTTN
Submitted By (Co./ Ind. Name)
Mr Wang Sen
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director.

Additional Details

Name Of Person
Chew Heng Ching
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
09/09/2016
Detailed Reason (s) for cessation
Retire pursuant to Article 107 of the Constitution of the Company and did not seek re-election at the Annual General Meeting held on 9 September 2016.

(Remark: Following the appeal by various shareholders for Mr Chew to stay on in the Board and in order to continue to uphold high corporate governance standards, Mr Chew has agreed to rejoin the Board with effect from 15 September 2016 to resume his role as an independent director of the Company. His re-appointment will be made subsequently in a separate announcement.)
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
04/11/2011
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Non-Executive Chairman, Chairman of Audit Committee, Chairman of Nominating Committee and Member of Remuneration Committee.
Role and responsibilities
1. Independent Non-Executive director;
2. Deputy Non-Executive Chairman;
3. Chairman of Audit Committee;
4. Chairman of Nominating Committee and
5. Member of Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
300,000 ordinary shares
Past (for the last 5 years)
None.
Present
1. Bonvests Holdings Limited
2. Spindex Industries Limited
3. Aus Group Limited
4. The Stratech Group Limited
5. Pharmesis International Ltd
6. Huan Hsin Holdings Ltd
7. Ang Mo Kio - Thye Hua Kwan Hospital Ltd
8. Thye Hua Kwan Moral Charities Limited
9. Thye Hua Kwan Nursing Home Limited