Change - Announcement of Cessation::Retirement of Chairman and Independent Director

Issuer & Securities

Issuer/ Manager
TEE INTERNATIONAL LIMITED
Securities
TEE INTERNATIONAL LIMITED - SG2C64965297 - M1Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Nov-2019 17:56:44
Status
New
Announcement Sub Title
Retirement of Chairman and Independent Director
Announcement Reference
SG191129OTHRT7FK
Submitted By (Co./ Ind. Name)
Yeo Ai Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Chairman and Independent Director

Additional Details

Name Of Person
Bertie Cheng Shao Shiong
Age
82
Is effective date of cessation known?
Yes
If yes, please provide the date
29/11/2019
Detailed Reason (s) for cessation
Mr. Bertie Cheng has retired as Chairman and Independent Director of the Company upon the conclusion of the Annual General Meeting of the Company on 29 November 2019.
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
05/03/2001
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Independent Director, member of Audit Committee, member of Remuneration Committee
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr. Bertie Cheng is deemed interested in 16,000,000 ordinary shares, direct interest in 854,587 warrants and deemed interested in 444,385 warrants in TEE International Limited, as well as, 760,000 ordinary shares in TEE Land Limited.
Past (for the last 5 years)
Singapore Technologies Electronics Limited
Present
Baiduri Bank Bhd
Baiduri Finance Bhd
Hong Leong Finance Limited
Hong Leong Finance Nominees Pte Ltd
Pacific Andes Resources Development Limited
Singapore Nominees Private Limited
TeleChoice International Limited