Change - Announcement of Cessation::CESSATION OF DIRECTOR

Issuer & Securities

Issuer/ Manager
LCT HOLDINGS LIMITED
Securities
LCT HOLDINGS LIMITED - BMG5376C1010 - BJL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Feb-2017 21:47:08
Status
New
Announcement Sub Title
CESSATION OF DIRECTOR
Announcement Reference
SG170214OTHRUCTH
Submitted By (Co./ Ind. Name)
DENG HUA
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
CESSATION OF DIRECTOR

Additional Details

Name Of Person
Du Junhong
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2017
Detailed Reason (s) for cessation
To pursue other personal commitments.

The Board would like to express its appreciation to Dr. Du Junhong for his invaluable contributions to the Company.
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
20/08/2004
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman, Executive Director and member of Nominating Committee.
Role and responsibilities
Dr. Du Junhong is responsible for the overall operations, corporate policies, business development and investment strategy 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?
Yes
Shareholding Details
Dr. Du Junhong is deemed to be interested in the 6,951,431 Shares as follows:-

(i) 5,981,859 Shares held by Longdu Investment Limited (Longdu Investment) as Dr. Du is the sole shareholder and director of Longdu Investment.

(ii) 938,072 Shares held by Longpartner Investment Limited (Longpartner Investment), by virtue of Dr. Du s shareholdings of 27.78% in the capital of Longpartner Investment.

(iii) 31,500 Shares held in trust by Triple Bonus Investment Pte. Limited.
Past (for the last 5 years)
Nil
Present
Longdu Investment Limited