Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
TERRATECH GROUP LIMITED
Securities
TERRATECH GROUP LIMITED - KYG8763X1007 - 40I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Sep-2014 18:48:10
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG140929OTHRAP1J
Submitted By (Co./ Ind. Name)
Dr Loh Chang Kaan
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Terratech Group Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 30 July 2014. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.

Additional Details

Name Of Person
Wong Kuan Meng Mark
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2014
Detailed Reason (s) for cessation
Due to a change of work circumstances which precludes Mr Wong Kuan Meng Mark from continuing to act as the Independent Director of the Company.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Wong Kuan Meng Mark as the Independent Director of 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
18/06/2014
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)
1
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.)
Independent Director, Nominating Committee Chairman and a member of Audit Committee and Remuneration Committee.
Role and responsibilities
Independent Director, Nominating Committee Chairman and a member of Audit Committee and Remuneration Committee.
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?
No
Other Directorships
Past (for the last 5 years)
Please refer to Appendix "A"
Present
Please refer to Appendix "A"

Attachments

ListofDirectorships-AppendixA-MarkWong.pdf
Total size =87K