Change - Announcement of Cessation::Resignation of Director

Issuer & Securities

Issuer/ Manager
TIH LIMITED
Securities
TIH LIMITED - SG1A82000914 - T55
TIH LIMITED W170519 - SG5AI9000001 - U9LW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jun-2016 17:14:55
Status
New
Announcement Sub Title
Resignation of Director
Announcement Reference
SG160628OTHR0EMP
Submitted By (Co./ Ind. Name)
Tham Shook Han
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

Additional Details

Name Of Person
Daniel Budiman
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
28/06/2016
Detailed Reason (s) for cessation
In future, Mr Daniel Budiman is expected to be involved in the funds managed by TIH Investment Management Pte. Ltd., a wholly owned subsidiary of TIH Limited. For good corporate governance, he will step down as a TIH director with effect from 28 June 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
05/11/2012
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, NC Chairman, AC Member, Board Investment Committee Member
Role and responsibilities
Mr Daniel Budiman was a non-executive and independent director. He undertook the role and responsibilities of the Chairman of the NC, Member of the AC and a member of the Board Investment 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?
No
Past (for the last 5 years)
Please see attached.
Present
Please see attached.

Attachments

Resignation_Daniel_Budiman.pdf
DB_Past_Present_Directorships_15June2016.pdf
Total size =85K