Change - Announcement of Cessation::Cessation of Lead Independent Director

Issuer & Securities

Issuer/ Manager
VALUETRONICS HOLDINGS LIMITED
Securities
VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jul-2015 17:58:09
Status
New
Announcement Sub Title
Cessation of Lead Independent Director
Announcement Reference
SG150724OTHRLC7I
Submitted By (Co./ Ind. Name)
Tse Chong Hing
Designation
Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Lead Independent Director

Additional Details

Name Of Person
Chow Kok Kee
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
24/07/2015
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Chow Kok Kee stepped down as a Lead Independent Director of the Company after the conclusion of the Annual General Meeting held on 24 July 2015.
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
06/02/2007
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)
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.)
Lead Independent Director, Chairman of the Audit Committee and Remuneration Committee and a member of the Nominating Committee
Role and responsibilities
Lead 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
350,000 shares held under his own name
Past (for the last 5 years)
Meiban Group Ltd
Innovalues Ltd
Present
Chosen Holdings Ltd
Tuan Sing Holdings Ltd
M1 Ltd