Change - Announcement of Cessation::Resignation of Director cum Group Managing Director

Issuer & Securities

Issuer/ Manager
3CNERGY LIMITED
Securities
3CNERGY LIMITED - SG0502000029 - 502
3CNERGY LIMITED W200528 - SG5EE3000008 - 1E0W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Sep-2019 17:46:04
Status
New
Announcement Sub Title
Resignation of Director cum Group Managing Director
Announcement Reference
SG190906OTHRY1MV
Submitted By (Co./ Ind. Name)
Chung Chee Khuen
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The sponsor of the Company, CIMB Bank Berhad, Singapore Branch ("Sponsor") is satisfied that there is no other reason for Mr Chung Chee Khuen ("Mr Chung")'s cessation as the Company's director cum group managing director.

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. 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 Eric Wong (Director, Investment Banking), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Name Of Person
Chung Chee Khuen
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
06/09/2019
Detailed Reason (s) for cessation
In order to re-adjust the board composition to have better balance and diversity within the Board. Mr Chung will continue in office as the chief executive officer 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
30/06/2018
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)
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.)
Group Managing Director and Chief Executive Officer
Role and responsibilities
Mr Chung is responsible for the overall management of 3Cnergy Group.
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)
1. 3Cs Investment Limited
2. Bytes Review Sdn Bhd
3. Chiling Falls Records Sdn Bhd
4. EdgeWiz Pte Ltd
5. Creative Destroyer Sdn Bhd
6. Fzbiz Sdn Bhd
7. Foxcraft Sdn Bhd
8. The Tortoise Express Sdn Bhd
9. TKO Concepts Sdn Bhd
Present
1. 3C Property Consultants Pte. Ltd.
2. 3Cnergy Property Management Pte. Ltd.
3. Whitehouse Holdings Pte. Ltd.
4. Paxel Consultants Pte. Ltd.
5. 3Cnergy Property Pte. Ltd.
6. 3C Marina Park Sdn. Bhd.
7. 3Cnergy Property Management Sdn. Bhd.
8. 3Cnergy Ventures R Sdn. Bhd.
9. Orientis Solutions Sdn. Bhd.
10. 3Cnergy Living Sdn. Bhd.
11. 3Cnergy Sdn. Bhd.
12. Big Data Research Sdn Bhd
13. Bizinfo Consulting Sdn Bhd
14. Emerwood Sdn Bhd
15. Fz Sdn Bhd
16. Jed Zaman Sdn Bhd
17. Kemboja Manja Sdn Bhd
18. Konsotium Perkasa Sdn Bhd
19. Lanjut Kurnia Sdn Bhd
20. Net Edge Online Sdn Bhd
21. Phileo Sdn Bhd
22. Phileo Group Sdn Bhd
23. Phileo Spring Sdn Bhd
24. Prima Fajar Sdn Bhd
25. Season Paradise Sdn Bhd
26. The Edge Communications Network Sdn Bhd
27. Seed2Tree Sdn Bhd