Change - Announcement of Cessation::Cessation of Executive Director and Chairman

Issuer & Securities

Issuer/ Manager
KING WAN CORPORATION LIMITED
Securities
KING WAN CORPORATION LIMITED - SG1J32888328 - 554
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jul-2016 17:36:25
Status
New
Announcement Sub Title
Cessation of Executive Director and Chairman
Announcement Reference
SG160729OTHRVTKS
Submitted By (Co./ Ind. Name)
Chua Eng Eng
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to details below.

Additional Details

Name Of Person
Chua Kim Hua
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2016
Detailed Reason (s) for cessation
At the 2015 Annual General Meeting (AGM) of the Company held on 30 July 2015, Mr Chua Kim Hua was re-appointed as a director pursuant to Section 153(6) of the Companies Act, Cap. 50 (repealed when Phase 2 of the Companies (Amendment) Act 2014 came into effect on 3 January 2016). Accordingly, Mr Chua Kim Hua vacated his office on the day of the Company s AGM on 28 July 2016.
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?
Yes
If Yes, Please provide full details
Mr Chua Kim Hua has expressed his consent to be appointed as a director of the company and continue his role as the Chairman of the Board.
Date of Appointment to current position
08/02/2000
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)
2
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.)
Executive director and Chairman of the Board.
Role and responsibilities
Executive Chairman of the Board.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Ms Chua Eng Eng, executive director of the Company.
Brother of Mr Chua Hai Kuey, executive director of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Owns 44,113,319 ordinary shares in the company.
Past (for the last 5 years)
Gold Hyacinth Development Pte. Ltd.
Meadows Property (Spore) Pte. Ltd.
Present
Chua Kim Hua Investments Pte Ltd
Dalian Shicheng Property Development (S) Pte. Ltd.
Gold Topaz Pte. Ltd.
Harmony Investment Holding Pte. Ltd.
K&W Mobile Loo Services Pte Ltd
King Wan Construction Pte. Ltd.
King Wan Corporation Limited
King Wan Development Pte Ltd
King Wan Industries Pte Ltd
Meadows Bright Development Pte Ltd
Xylem Investments Pte. Ltd.