Change - Announcement of Cessation::CESSATION OF MR CHAN HONG WAI AS CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
MFS TECHNOLOGY LTD
Securities
MFS TECHNOLOGY LTD - SG1M06899645 - 5BM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-May-2016 17:26:46
Status
New
Announcement Sub Title
CESSATION OF MR CHAN HONG WAI AS CHIEF EXECUTIVE OFFICER
Announcement Reference
SG160512OTHRD3TA
Submitted By (Co./ Ind. Name)
Hee Siew Fong
Designation
Chief Financial Officer / Company Secretary
Description (Please provide a detailed description of the event in the box below)
CESSATION OF MR CHAN HONG WAI AS CHIEF EXECUTIVE OFFICER

Additional Details

Name Of Person
Chan Hong Wai
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
13/05/2016
Detailed Reason (s) for cessation
Following the commencement of the members' voluntary liquidation on 12 May 2016, Mr Chan Hong Wai will relinquish his role as Chief Executive Officer of the Company.
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
01/12/2013
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)
0
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.)
Chief Executive Officer
Role and responsibilities
Chief Executive Officer
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)
Multi-Fineline Electronix, Inc.
Wearnes Electronics Zhongshan Ltd
Wearnes Global Co, Ltd
Wearnes Global (Suzhou) Co., Ltd
Wearnes Hollingsworth (Shenyang) Ltd
Wearnes Technology (Hong Kong) Limited
Kumpulan O'Connor's (Malaysia) Sdn Bhd
O'Connor's Engineering Sdn Bhd
O'Connor's Enterprise Sdn Bhd
O'Connor's Holdings Pte Ltd
O'Connor's Singapore Pte Ltd
O'Connor's Technologies Sdn Bhd
O'Connor's Technology Pte Ltd
Puffersoft Labs Pte Ltd
RFNet Technology Pte Ltd
MFS Technology (S) Pte Ltd
MFS Technology (Hunan) Co Ltd
MFS Technology (M) Sdn Bhd
MFS Technology Europe UG
Flex Solutions (Singapore) Pte Ltd
Present
Chrontel Inc.
Wearnes Cambion Limited
Wearnes Components Shenyang Ltd
Wearnes Electronics Shenyang Ltd
Wearnes Precision (Shenyang) Ltd
WBL Technology (Private) Limited (formerly known as Wearnes Technology (Private) Limited)
WBL Hollingsworth Singapore Pte Ltd (formerly known as Wearnes Hollingsworth Singapore Pte Ltd)
WBL Electronics (Malaysia) Sdn Bhd (formerly known as Wearnes Electronics (Malaysia) Sdn Bhd)