Change - Announcement of Cessation::Cessation of Service

Issuer & Securities

Issuer/ Manager
DARCO WATER TECHNOLOGIES LIMITED
Securities
DARCO WATER TECHNOLOGIES LTD - SG1CC9000009 - BLR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-May-2019 17:31:53
Status
New
Announcement Sub Title
Cessation of Service
Announcement Reference
SG190514OTHRAU7H
Submitted By (Co./ Ind. Name)
Wang Yaoyu
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Service.

Additional Details

Name Of Person
Thye Kim Meng
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2019
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?
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
13/10/2001
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
2
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
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
7,155,485 Shares
Past (for the last 5 years)
Nil
Present
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.