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

Issuer & Securities

Issuer/ Manager
HEATEC JIETONG HOLDINGS LTD.
Securities
HEATEC JIETONG HOLDINGS LTD. - SG1Y31945526 - 5OR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2018 18:39:15
Status
New
Announcement Sub Title
Cessation of Non-Executive Chairman and Independent Director
Announcement Reference
SG180430OTHRNQ18
Submitted By (Co./ Ind. Name)
Soon Jeffrey
Designation
Executive Director and CEO
Effective Date and Time of the event
30/04/2018 18:30:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Chairman and Independent Director who is the Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. 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 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.

The contact person for the Sponsor is Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Ong Beng Chye
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2018
Detailed Reason (s) for cessation
Mr Ong has decided to resign as the Non-Executive Chairman and Independent Director of the Company as he is reaching his ninth year of service since his initial appointment, in June 2018. His resignation will allow for progressive renewal of the Board. The Sponsor, after having interviewed Mr Ong, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Ong as a 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
22/06/2009
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Independent Director, Chairman of the Remuneration Committee, Member of the Audit Committee and the Nominating Committee
Role and responsibilities
As above.
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
3,148,445 ordinary shares
Past (for the last 5 years)
Nil
Present
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