Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager: NATURAL COOL HOLDINGS LIMITED
Securities: NATURAL COOL HOLDINGS LIMITED - SG1T36930298 - 5IF
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 30-Nov-2015 17:39:38
Status: New
Announcement Sub Title: CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference: SG151130OTHRN1R0
Submitted By (Co./ Ind. Name): Leaw Wei Siang
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, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

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

The contact person for the Sponsor is Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person: Tan Aik Kwong
Age: 51
Is effective date of cessation known?: Yes
If yes, please provide the date: 30/11/2015
Detailed Reason (s) for cessation: Pursuant to the terms of the sale and purchase agreement entered into between the Company and Nitto Kogyo Corporation in relation to the sale by the Company of Gathergates Group Pte. Ltd.
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: 01/07/2012
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): 3
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.): Executive Director
Role and responsibilities: He is responsible for the day-to-day business operations, managing the manufacturing process of switchgear division, logistics and warehousing activities and also overseeing the business expansion.
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: Mr Tan Aik Kwong has a deemed interest in 8,790,700 ordinary shares of the Company held in the names of Maybank Nominees (Singapore) Private Limited, Bank of Singapore Nominees Pte Ltd and SBS Nominees Pte Ltd
Past (for the last 5 years): Titans Power Holding Pte. Ltd.
Present: Gathergates Switchgear Pte. Ltd.
Gathergates Group Pte. Ltd.
Titans Power System Pte. Ltd.

Related Announcements

Related Announcements: 30/11/2015 18:48:54