Change - Announcement of Cessation::Cessation of General Manager of WHMT and WCNC

Issuer & Securities

Issuer/ Manager
WORLD PRECISION MACHINERY LIMITED
Securities
WORLD PRECISION MACHINERY LTD - SG1T29930156 - B49
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Mar-2015 19:41:02
Status
New
Announcement Sub Title
Cessation of General Manager of WHMT and WCNC
Announcement Reference
SG150323OTHROTHO
Submitted By (Co./ Ind. Name)
Wu Yufang
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of General Manager of World Heavy Machine Tools (China) Co., Ltd. ("WHMT") and World CNC Machine Tool (Jiangsu) Co., Ltd. ("WCNC")

Additional Details

Name Of Person
Li Wenyu
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
23/03/2015
Detailed Reason (s) for cessation
Resigned and transferred to a related party company, Jiangsu World Machinery and Electronics Group Co., Ltd.
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
15/02/2012
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.)
General Manager of World Heavy Machine Tools (China) Co., Ltd. ("WHTM") and World CNC Machine Tool (Jiangsu) Co., Ltd. ("WCNC")
Role and responsibilities
In charge of the overall operation of WHTM and WCNC
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?
No
Past (for the last 5 years)
Nil
Present
Nil