Change - Announcement of Cessation::Resignation of NED and Cessation of Non Executive Chairman of the Board and a member of AC

Issuer & Securities

Issuer/ Manager
ABTERRA LTD - SG2C12961455 - L5I
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Feb-2019 17:17:57
Announcement Sub Title
Resignation of NED and Cessation of Non Executive Chairman of the Board and a member of AC
Announcement Reference
Submitted By (Co./ Ind. Name)
Cai Suirong
Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Director and Cessation of Non-Executive Chairman of the Board of Directors and a member of AC

Additional Details

Name Of Person
Cai Sui Xin
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Stepping down from Non-Executive Director for personal reason, and to focus on personal affairs outside Singapore
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director of the Company, Non-Executive Chairman of the board of directors and a member of AC
Role and responsibilities
Duties and responsibilities of Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Cai Sui Xin is the brother of Cai Suirong, an Executive Director and Chief Executive Officer of the Company. Cai Sui Xin is also the son of Tsoi Ming Chi, a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Cai Sui Xin is deemed interested in 81,784,276 shares of the Company held by General Nice Resources (Hong Kong) Limited, a substantial shareholder of the Company.
Past (for the last 5 years)
Australia: Abterra Australia Pty Limited
Indonesia: PT. Abterra Resources Indonesia
Singapore: Abterra Resources Pte Ltd, Tian Yi Investment Pte Ltd, Tian Yi Power Co Pte Ltd,
China: Abterra Macao Commercial Offshore Limited, Sunny Energy Limited, Tianjin Lant Development Co Ltd, General Nice (China) Investment Limited, General Nice (Tianjin) Mineral Energy Limited, General Nice Technology Limited, General Nice China Africa Resource Development (Tianjin) Limited, Genera Nice Resources (Hong Kong) Limited, General Nice Development Limited