Change - Announcement of Cessation::Cessation of Service
Issuer & Securities
DARCO WATER TECHNOLOGIES LIMITED
DARCO WATER TECHNOLOGIES LTD - SG1CC9000009 - BLR
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Service
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Cessation of Service.
Name Of Person
Thye Kim Meng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Personal Reasons. Fundamental disagreement with major shareholders on the objectives and strategic direction of the Group
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.)
Managing Director and Chief Executive Officer
Role and responsibilities
General management, overall strategic planning and direction of the Group
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?
Past (for the last 5 years)
Darco Engineering Pte. Ltd.
Shanghai Darco Engineering Co., Ltd. (Legal representative)
PV Vacuum Engineering Pte. Ltd.
Puzer Asia Pte. Ltd.
Darco Water System Sdn. Bhd.
Darco Infraco Vietnam Water Pte. Ltd.