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

Issuer & Securities

Issuer/ Manager
NEW TOYO INTERNATIONAL HOLDINGS LTD
Securities
NEW TOYO INT HLDGS LTD - SG1E32850828 - N08

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Jul-2014 17:09:44
Status
New
Announcement Sub Title
Cessation as Executive Director and Chief Executive Officer
Announcement Reference
SG140707OTHRIGTD
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation as Executive Director and Chief Executive Officer

Additional Details

Name Of Person
George Lee Chee Whye
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
01/08/2014
Detailed Reason (s) for cessation
Mr George Lee Chee Whye will be seconded to the Company's listed subsidiary in Malaysia, Tien Wah Press Holdings Berhad ("TWPH") as its Chief Executive Officer for two years effective 1 August 2014, subject to TWPH obtaining an employment pass for him to work in Malaysia.
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
02/07/2012
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.)
Executive Director and Chief Executive Officer.
Role and responsibilities
Executive. Responsible for overall corporate strategies, administration and business operations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
SA Toyo Papers Products Pty Ltd; and New Toyo Pakistan Aluminium (Private) Limited.
Present
Please refer to the attachment.

Attachments

Other%20Directorships.pdf
Total size =34K