Change - Announcement of Cessation::REMOVED AT THE EGM

Issuer & Securities

Issuer/ Manager
KLW HOLDINGS LIMITED
Securities
KLW HOLDINGS LTD - SG1G23864448 - 504
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Oct-2015 22:25:13
Status
New
Announcement Sub Title
REMOVED AT THE EGM
Announcement Reference
SG151013OTHRO7ZV
Submitted By (Co./ Ind. Name)
KLW HOLDINGS LIMITED
Designation
BOARD OF DIRECTORS
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, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 document, including the correctness of any of the statements or opinions made or reports contained in this announcement. The details of the contact person for the Sponsor are:

Name: Mr. Ong Hwee Li, Registered Professional
Address: 1 Robinson Road, #21-02 AIA Tower, Singapore 048542
Tel: (65) 6221 5590

Additional Details

Name Of Person
Lee Boon Teck
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
12/10/2015
Detailed Reason (s) for cessation
Removed by shareholder via ordinary resolution at the EGM.
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
15/06/1995
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)
3
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.)
Managing Director
Role and responsibilities
Involved in the management of the Group and formulating the Group's overall strategies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Lee Boon Teck is the son of Mr Lee Choon Tai, 3 wholly-owned subsidiaries of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1,000 - Direct Interest
3,414,000 - Deemed Interest
Past (for the last 5 years)
Hinderland Sdn Bhd
Boon Teck Investment Pte Ltd
Teeni Enterprise Pte Ltd
Teeni Universal Pte Ltd

Present
Ambertree Pte Ltd
KLW Wood Products (M) Sdn Bhd
HP Global Pte Ltd
KLW Joinery Pte Ltd
KLW Resources Sdn Bhd
Ambertree Development (Singapore) Pte Ltd
Ambertree Vic-Mel
(Flinders) Pty Ltd
Ambertree Vic Mel (Lincoln) Pty Ltd
Dongguan Lebex Doors Co Ltd
KLW (HK) Limited