Change - Announcement of Cessation::Cessation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
INTERNATIONAL HEALTHWAY CORPORATION LIMITED
Securities
INTL HEALTHWAY CORP LIMITED - SG2F86994413 - 5WA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-May-2015 13:29:17
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Executive Officer
Announcement Reference
SG150530OTHRBK3T
Submitted By (Co./ Ind. Name)
Dr Jong Hee Sen
Designation
Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
International Healthway Corporation Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX -ST") on 8 July 2013. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST
assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Chia Kwok Ping
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2015
Detailed Reason (s) for cessation
To pursue other career opportunities. Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance
Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no material reasons for the
cessation of Mr Chia Kwok Ping ("Mr Chia") as the Executive Director and Chief Executive Officer.

Following Mr Chia's cessation, Mr Fan Kow Hin, the Group Chief Executive Officer of the Company, will assume the duties and responsibilities of Mr Chia in addition and complementary to his duties and responsibilities as the Group Chief Executive Officer. Pursuant thereto, Mr Fan Kow Hin will be re-designated as the Chief Executive Officer 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
02/03/2015
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)
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.)
Chief Executive Officer and Executive Director
Role and responsibilities
Responsible for leading the overall strategic development of the Group and providing management leadership to 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)
Please see Annexure
Present
Heeton Holdings Limited
PT CGS Indonesia
UD Ventures Sdn. Bhd.

Attachments

Annexure.pdf
Total size =15K