Change - Announcement of Cessation::Resignation of Chief Operating Officer

Issuer & Securities

Issuer/ Manager
ITE ELECTRIC CO LTD
Securities
ITE ELECTRIC CO LTD - SG0581008505 - 581
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Aug-2014 18:41:12
Status
New
Announcement Sub Title
Resignation of Chief Operating Officer
Announcement Reference
SG140822OTHR3G6B
Submitted By (Co./ Ind. Name)
Ho Cheng Leong
Designation
Chief Executive Officer
Effective Date and Time of the event
22/08/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by the Company's sponsor, Asiasons WFG Capital Pte Ltd (the Sponsor ), for compliance with the Listing Manual (Section B: Rules of Catalist) of the Singapore Exchange Securities Trading Limited (the SGX-ST ). The Sponsor has not independently verified the contents of this announcement including the accuracy or completeness of any of the information disclosed or the correctness of any of the statements made, opinions expressed or reports contained in this announcement. This announcement has not been examined or approved by the SGX-ST. The SGX-ST and the Sponsor assume no responsibility for the contents of this announcement including the correctness of any of the statements made, opinions expressed or reports contained in this announcement.

Contact person for the Sponsor: Ms Pauline Sim (Registered Professional, Asiasons WFG Capital Pte Ltd) Address: 22 Cross Street, #03-54/61 China Square Central, Singapore 048421
Telephone number: (65) 6319 4954

Additional Details

Name Of Person
Ang Cheng Gian
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
23/08/2014
Detailed Reason (s) for cessation
To pursue other career opportunity
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
27/07/2005
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Role and responsibilities
Responsible for corporate and financial planning, business development and oversees the Group's operations in Singapore and Malaysia.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
None
Present
Please see attached

Attachments

Eric Ang - List of Directorship.pdf
Total size =21K