Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
FRENCKEN GROUP LIMITED
Securities
FRENCKEN GROUP LIMITED - SG1R43925234 - E28
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2016 17:13:33
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG160428OTHRTJ9H
Submitted By (Co./ Ind. Name)
Toon Choi Fan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director

Additional Details

Name Of Person
Sim Mong Huat
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2016
Detailed Reason (s) for cessation
Due to an internal restructuring of the management of the Group, Mr Sim Mong Huat had resigned as Executive Director of the Company and he will continue to serve as an Executive Director with the Company's wholly-owned subsidiaries, ETLA Limited, ETLA Technology (Wuxi) Co., Ltd. and Frencken Mechatronics (M) Sdn. Bhd.
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
30/07/2009
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Responsible for managing ETLA Limited and its subsidiaries strategic growth and business.
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?
Yes
Shareholding Details
767,000 ordinary shares in Frencken Group Limited
Past (for the last 5 years)
Nil
Present
ETLA Limited
ETLA Technology (Wuxi) Co., Ltd.
Frencken Mechatronics (M) Sdn. Bhd.
NYP Ventures Pte. Ltd.