Change - Announcement of Cessation::Resignation of Director
Issuer & Securities
3CNERGY LIMITED - SG0502000029 - 502
3CNERGY LIMITED W200528 - SG5EE3000008 - 1E0W
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Director
Submitted By (Co./ Ind. Name)
Tong Kooi Lian
Managing Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Sponsor of the Company, CIMB Bank Berhad, Singapore Branch ("Sponsor") is satisfied that there is no other reason for Mr Yii Hung Due @ Bill Yii ("Mr Yii")'s cessation.
Please refer to the Company's announcement of the reconstitution of its Board and Board Committees dated 14 December 2017. Based on the reconstitution, taking into account this cessation, the Audit Committee will have a minimum of three members.
This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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 and Sponsor assume 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 Eric Wong (Director, Investment Banking), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6302 7659.
Name Of Person
Yii Hung Due @ Bill Yii
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other interests.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Remuneration Committee Chairman, Audit Committee Member and Nominating Committee Member.
Role and responsibilities
Mr Yii is the Independent Director of the Company and was appointed on 15 May 2013. He also serves as the Chairman of the Remuneration Committee and is a member of the Audit Committee and Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
- 13,333 ordinary shares
- 6,666 warrants
Past (for the last 5 years)
1. Maxtown Development Sdn Bhd
1. Welcojaya Sdn Bhd
2. Welcojaya Homes Sdn Bhd
3. Welcojaya Land Sdn Bhd
4. Welcojaya Properties Sdn Bhd
5. S.Q. Timur Sdn Bhd
6. Budget Homes Sdn Bhd
7. Melia Gateway Sdn Bhd
8. Jitramas Jaya Sdn Bhd
9. Excel Work Sdn Bhd
10. C.C.Y. Enterprise Sdn Bhd
11. Urban Villa Sdn. Bhd.
12. Qualistar Sdn. Bhd.
13. Pleasant Vista Sdn Bhd
14. Tranquil Icon Sdn Bhd
15. City Point Sdn Bhd