Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
ARTIVISION TECHNOLOGIES LTD.
Securities
ARTIVISION TECHNOLOGIES LTD. - SG1X21941023 - 5NK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2016 17:34:45
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE DIRECTOR
Announcement Reference
SG160930OTHRCB8B
Submitted By (Co./ Ind. Name)
SOH SAI KIANG
Designation
NON-EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
RESIGNATION OF NON-EXECUTIVE DIRECTOR

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 and the SGX-ST assumes 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 Mr Sebastian Jones (Tel: (65) 6532 3829) at 1 Robinson Road, AIA Tower #21-02, Singapore 048542. SAC Advisors Private Limited is a wholly-owned subsidiary of SAC Capital Private Limited.

Additional Details

Name Of Person
CHING CHIAT KWONG
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2016
Detailed Reason (s) for cessation
Mr Ching Chiat Kwong is resigning to pursue other interests.

SAC Advisors Private Limited, after having interviewed Mr Ching Chiat Kwong, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Ching Chiat Kwong.
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
06/09/2013
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)
4
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-Executive Director
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
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
148,155,331 ordinary shares in the capital of the Company

200,000 outstanding options granted under the Artivision Technologies Employee Share Option Plan expired on the effective date of resignation
Past (for the last 5 years)
Non-Executive Director of HG Metal Manufacturing Limited
Non-Executive Director of BRC Asia Ltd
Non-Executive Director of China Media Group Corporation
Present
Executive Director of Oxley Holdings Limited
Non-Executive Director of NewSat Limited
Non-Executive Director of Thye Hua Kwan Nursing Home Limited