Change - Announcement of Cessation::Cessation of President of the Systems Business Unit

Issuer & Securities

Issuer/ Manager
WE HOLDINGS LTD.
Securities
WE HOLDINGS LTD. - SG2C00960329 - 5RJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Aug-2016 18:03:09
Status
New
Announcement Sub Title
Cessation of President of the Systems Business Unit
Announcement Reference
SG160802OTHR0DUS
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This Announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Company's 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:-

Name: Ms Amanda Chen, Registered Professional, RHT Capital Pte. Ltd.
Address: Six Battery Road #10-01, Singapore 049909
Tel: 6381 6757

Additional Details

Name Of Person
Wong Hot Yong
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
02/08/2016
Detailed Reason (s) for cessation
Due to termination of distributorship for Flexstar in Asia
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
02/06/2010
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)
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.)
President of the Systems Business Unit
Role and responsibilities
Heads the Group's systems integration business
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
2,084,769 shares
Past (for the last 5 years)
WE Systems Pte. Ltd.
WE Components Sdn Bhd
WE Components (Penang) Sdn Bhd
WE Resources Sdn Bhd
Present
Nil