ANNOUNCEMENT OF CESSATION AS INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

* Asterisks denote mandatory information

Name of Announcer *
QAF LTD
Company Registration No.
195800035D
Announcement submitted on behalf of
QAF LTD
Announcement is submitted with respect to *
QAF LTD
Announcement is submitted by *
Lee Woan Ling
Designation *
Company Secretary
Date & Time of Broadcast
26-Feb-2014 17:26:15
Announcement No.
00065

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
Name of person *
Tan Hin Huat
Age *
62
Is Effective Date of Cessation known? *
Yes
26/02/2014
Detailed Reason(s) for cessation *
Mr Tan has served on the Board for more than 9 years. He has stepped down to allow the progressive refreshing of the Board members in line with the Code of Corporate Governance 2012 recommended practice.
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
If yes, please elaborate *
NA
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
If yes, please elaborate *
NA
Any other relevant information to be provided to shareholders of the listed issuer? *
No
If yes, please elaborate *
NA
Date of Appointment to current position *
02/09/2002
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) *
Independent Director, Audit Committee Chairman, Remuneration Committee Member and Nominating Committee Member
Role and responsibilities *
Non-Executive Independent Director
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 *
1
Shareholding * in the listed issuer and its subsidiaries *
Nil
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Nil

OTHER DIRECTORSHIPS

Past (for the last 5 years) *
Nil
Present *
Nil
Footnotes
The number of independent directors currently resident in Singapore takes into account this cessation of Mr Tan Hin Huat as well as the cessation of Mr Kelvin Chia Hoo Khun's directorship on the same day.

The number of cessations of appointments specified in Rule 704(7) of the Listing Manual over the past 12 months refers to the cessation of Mr Kelvin Chia Hoo Khun's directorship on the same day.
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