Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ALLIED TECHNOLOGIES LIMITED
Securities
ALLIED TECHNOLOGIES LIMITED - SG1O07910928 - A13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Oct-2015 17:03:41
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG151010OTHR2WO9
Submitted By (Co./ Ind. Name)
HSU CHING YUH @ SHEU CHING YUH
Designation
CHIEF EXECUTIVE OFFICER AND GROUP MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
There are 3 cessations (taking into account this cessation) and 3 new appointments taking place contemporaneously.

Additional Details

Name Of Person
Sitoh Yih Pin
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
10/10/2015
Detailed Reason (s) for cessation
Mr Sitoh Yih Pin's decision to resign as a Director of the Company was a response to the request by Mr Hsu Ching Yuh, the Chief Executive Officer and Group Managing Director of the Company , made in his letter of 8 October 2015 and during the urgent Board Meeting called by Mr Hsu Ching Yuh on 9 October 2015, where he requested all the Independent Directors of the Company to step down to enable the Company to reconstitute its Board, restructure itself, focus on new business opportunities and bring in new shareholders in the best interest 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
13/05/2003
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)
3
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.)
Independent Director, Chairman of the Audit Committee and member of the Remuneration Committee and Nominating Committee.
Role and responsibilities
Independent Director, Chairman of the Audit Committee and member of the Remuneration Committee and Nominating Committee.
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)
1) Chinasing Investment
Holdings Limited
2) PNE Micro Holdings
Ltd
3) Meiban Group Ltd
4) Nera Telecommunications Ltd
Present
1) Lian Beng Group Ltd
2) United Food Holdings Limited
3) Talkmed Group Limited
4) ISEC Healthcare Ltd