Change - Announcement of Cessation::Change - Announcement of Cessation

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
28-Apr-2017 21:45:43
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG170428OTHRQ9IY
Submitted By (Co./ Ind. Name)
Marian Ho
Designation
Company Secretary
Effective Date and Time of the event
28/04/2017 17:00:00
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
Leung Hai Ming, Raymond
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2017
Detailed Reason (s) for cessation
Mr. Raymond Leung Hai Ming ( "Mr. Leung" ) had served the Company as an independent non-executive director for over nine (9) years. To ensure the independence of the independent non-executive directors and maintain the Company's standard of good corporate governance practices, Mr. Leung did not offer himself for re-election at the annual general meeting of the Company on 28 April ("2017 AGM"), and accordingly, he ceased to be an independent non-executive director upon the conclusion of the 2017 AGM. In addtions, Mr. Leung ceased to be the chairman of the nomination committee and remuneration committee of the Board and member of the audit committee 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
01/01/2008
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Nominating Committee Chairman, Remuneration Committee Chairman and member of Audit Committee
Role and responsibilities
Attending meetings of the Board to perform duties of an Independent non-executive director, member of Audit Committee and Chairman 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?
No
Past (for the last 5 years)
China State Construction International Holdings Limited - independent non-executive director
C&L Holdings Limited - Chief Executive Officer
Present
China State Construction International Holdings Limited - independent non-executive director
C&L Holdings Limited - Chief Executive Officer