Change - Announcement of Cessation::Resignation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
ELEC & ELTEK INTERNATIONAL COMPANY LIMITED.
Securities
ELEC & ELTEK INT CO LTD - SG1B09007736 - E16
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2016 19:47:07
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG160630OTHR20WA
Submitted By (Co./ Ind. Name)
Marian Ho
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Elec & Eltek International Company Limited (the "Company") and its contents have been reviewed by the board of directors of the Company (the "Board") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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.

Additional Details

Name Of Person
Larry Lai Chong Tuck
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2016
Detailed Reason (s) for cessation
To pursue other businesses' opportunities
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
26/02/2005
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)
1
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 Non-Executive Director, Audit Committee Chairman, member of Nominating Committee and Remuneration Committee
Role and responsibilities
Attending meetings of the Board to perform duties of an independent non-executive director, Audit Committee chairman and member of Nominating Committee and Remuneration Committee but not participating in the day-to-day management of business operations
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?
Yes
Shareholding Details
Mr. Lai is interested in 25,000 shares of Elec & Eltek International Company Limited
Past (for the last 5 years)
Asteri Consulting Private Limited - Director
Present
Asteri Consulting Private Limited - Director