Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
NIPPECRAFT LIMITED
Securities
NIPPECRAFT LIMITED - SG1A83000921 - N32
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Apr-2016 17:35:36
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG160411OTHR63JR
Submitted By (Co./ Ind. Name)
Connie Oi Yan Chan
Designation
Chief Executive Officer and Executive Director
Effective Date and Time of the event
11/04/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ching Jit Yow as an Independent Director of the Company

Additional Details

Name Of Person
Ching Jit Yow
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2016
Detailed Reason (s) for cessation
Mr Ching Jit Yow has decided to retire and not seeking re-election at the forthcoming Annual General Meeting to be held on 28 April 2016. Mr Ching will concurrently cease to be Chairman of Audit Committee and Member of Remuneration and Nominating Committee effective 28 April 2016.
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
08/09/1995
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
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Audit Committee, Member of Remuneration Committee and Nominating Committee.
Role and responsibilities
Role and responsibility of an Independent Director, Chairman of Audit Committee, Member of Remuneration Committee and Nominating Committee.
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?
No
Past (for the last 5 years)
Please see to the attachment.
Present
Please see to the attachment.

Attachments

Directorships in the past 5 years and present.pdf
Total size =172K