Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
WILTON RESOURCES CORPORATION LIMITED
Securities
WILTON RESOURCES CORP LIMITED - SG2G45999965 - 5F7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Dec-2017 12:12:08
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG171229OTHRU9WG
Submitted By (Co./ Ind. Name)
Shirley Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Wilton Resources Corporation Limited (the "Company" or "WRC") and its contents have been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 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 Mr. Ong Hwee Li, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.

Additional Details

Name Of Person
Chong Chin Fan
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2017
Detailed Reason (s) for cessation
Retirement. The Company is in the process of finding a replacement for the position and will announce the appointment via SGXNet in due course.

The Company's sponsor, SAC Capital Private Limited, has contacted Mr. Chong Chin Fan and based on its enquiries, is satisfied that other than disclosed in this announcement, there are no other material reason for the resignation of Mr. Chong Chin Fan.

In addition, there are no concerns in regards to the financial reporting that had led to the departure of Mr. Chong Chin Fan and there has not been any disagreement with regard to practices that will have an impact on the Company's financial reporting.
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
12/12/2013
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.)
Executive Director and Vice President (Finance)
Role and responsibilities
Mr. Chong Chin Fan is responsible for the overall financial, accounting, compliance and reporting, as well as the internal control functions of the Group. He is also in charge of liaising with the Audit Committee on any accounting and financial matters of the Group.
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?
No
Past (for the last 5 years)
AsiaTravel.com Holdings Ltd
Wilton Resources Holding Pte. Ltd.
Nicco Investments Pte. Ltd.
Present
Chew's Group Limited