Change - Announcement of Cessation::Cessation of Independent Director
Issuer & Securities
3CNERGY LIMITED - SG0502000029 - 502
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Director
Submitted By (Co./ Ind. Name)
Tong Kooi Lian
Managing Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Sponsor of the Company, CIMB Bank Berhad, Singapore Branch ("Sponsor") is satisfied that there is no other reason for Mr Tan Kok Hiang's cessation.
Please refer to the Company's announcement of the reconstitution of its Board and Board Committees on 15 December 2015. Based on the reconstitution, taking into account this cessation, the Audit Committee will have a minimum of three members.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST and Sponsor assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Eric Wong (Director, Investment Banking), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.
Name Of Person
Tan Kok Hiang
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Personal and family reasons.
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.)
Chairman of Remuneration Committee, member of Audit and Nominating Committees.
Role and responsibilities
Duties as Chairman of Remuneration Committee, member of Audit and Nominating Committees. In relation to the new constitution of the respective committees, please refer to the Company's announcement of the reconstitution of its Board and Board Committees on 15 December 2015.
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?
15,000 Ordinary Shares (Direct Interest)
Past (for the last 5 years)
- Boutique Holdings Sdn Bhd Group
- Boutique Homes Sdn Bhd Group
- SongShan Shaolin Fitness Centre Sdn Bhd