Change - Announcement of Cessation::Announcement on Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
UE E&C LTD.
Securities
UE E&C LTD. - SG2C88967436 - NI3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Feb-2015 18:02:06
Status
New
Announcement Sub Title
Announcement on Cessation of Independent Director
Announcement Reference
SG150203OTHRZU2L
Submitted By (Co./ Ind. Name)
Tan Ching Chek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director, Mr Lye Thiam Fatt Joseph Victor

Additional Details

Name Of Person
Lye Thiam Fatt Joseph Victor
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
30/01/2015
Detailed Reason (s) for cessation
Since Universal EC Investments Pte. Ltd. has attained the right to compulsorily acquire the remaining shares of the Company and will be delisting the Company, the Company will no longer require Independent Directors to comply with SGX listing rules. Therefore, Mr Lye Thiam Fatt Joseph Victor is resigning as an Independent Director 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
29/01/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Role and responsibilities
Mr Lye Thiam Fatt Joseph Victor is an Independent Director of the Company.
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
Other Directorships
Past (for the last 5 years)
1. Medilink-Global TPA Pte. Ltd.
2. Superior Multi-Packaging Limited
3. Reliance Capital (Singapore) Pte. Ltd.
4. Toshka Asia Pte. Ltd.
5. Toshka Holdings Ltd.
6. Toshka-ASG Hair Transplant Pte. Ltd.
Present
1) Shenton Insurance Pte. Ltd.
2) Lion Land Ventures One Pte. Ltd.
3) WMG Management Pte. Ltd.
4) Singapore Chinese Orchestra Company Limited