Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
SWEE HONG LIMITED
Securities
SWEE HONG LIMITED - SG2E77981776 - QF6

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Apr-2014 22:21:00
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG140414OTHRIGE3
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Audit Committee does not have a minimum of 3 members as the Audit Committee will be reconstituted after the respective appointments and cessations of directors and the composition of the Audit Committee will be announced in due course.

The number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months does not include the cessations of Dr Chew Huat Chye Wilson and Mr Sin Boon Ann announced today.

The initial public offering of the shares in the Company was jointly managed by DMG & Partners Securities Pte Ltd (DMG) and China Construction Bank Corporation, Singapore Branch (CCB). DMG and CCB assume no responsibility for the contents of this announcement.

Additional Details

Name Of Person
Wong Soong Kit
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
14/04/2014
Detailed Reason (s) for cessation
To refresh the composition of the Board
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
27/03/2012
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee, a member of the Nominating Committee and a member of the Remuneration Committee
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Not Applicable
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
BRC Asia Limited
Present
Sheng Siong Supermarket Pte Ltd, CMM Management Services Pte Ltd