Change - Announcement of Cessation::RETIREMENT OF DIRECTOR

Issuer & Securities

Issuer/ Manager
TMC EDUCATION CORPORATION LTD.
Securities
TMC EDUCATION CORPORATION LTD - SG1H06873795 - 586
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2015 18:04:16
Status
New
Announcement Sub Title
RETIREMENT OF DIRECTOR
Announcement Reference
SG151030OTHRY53L
Submitted By (Co./ Ind. Name)
Yeow Cheng Kim
Designation
CEO
Effective Date and Time of the event
30/10/2015 18:04:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Wong Hin Sun Eugene as an Independent Director of the Company.

Pursuant to Rule 704(7) of the SGX-ST Listing Manual Section B: Rules of Catalist, the Audit Committee of the Company should comprise at least three (3) directors.

Following the cessation of Mr. Wong Hin Sun Eugene as the Director of the Company, the number of directors on the Audit Committee of the Company will fall below the minimum number of three (3). As such, the Company will endeavour to fill the vacancy in the Audit Committee within two months, but in any case not later than three months.

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 ( "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
Wong Hin Sun Eugene
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2015
Detailed Reason (s) for cessation
Mr. Wong Hin Sun Eugene, who is retiring pursuant to Article 104 of the Company's Articles of Association, is not seeking reappointment as a Director at the forthcoming Annual General Meeting on 30 October 2015. Mr. Wong Hin Sung Eugene has informed the Company of his decision not to seek reappointment as he wishes to devote his time to other businesses.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Wong Hin Sun Eugene as an Independent Director of the Company.

The Board of Directors thanks Mr. Wong Hin Sun Eugene for his contributions and years of dedication to 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
15/08/2012
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Member of Audit Committee, Nominating Committee and Remuneration Committee of the Company
Role and responsibilities
Responsibilities as Independent Director, Member of Audit Committee, Nominating Committee and Remuneration Committee of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr. Wong Hin Sun Eugene currently holds 4,546,000 shares, representing approximately 2.72% of the total issued share capital of the Company.
Past (for the last 5 years)
Axial Education Pte. Ltd. (formerly known as
Sirius Venture Group Pte. Ltd.)
Grand Team Technologies Limited
Haike Chemical Group Limited
OJJ Holdings Pte. Ltd. (formerly known as
OJJ Foods Pte. Ltd., Ong Joo Joo Food
Industries Pte. Ltd.) (alternate director)
Paradise Group Holdings Pte. Ltd.
Q & M Dental Group (Singapore) Limited
SD E-Hub Pte. Ltd. (struck off)
SD Vivo Pte. Ltd. (struck off)
SD White Sands Pte. Ltd. (struck off)
S.E. Asia Emerging Market Co. Ltd.
Sirius Capital Management Ltd. (dissolved
members voluntary winding up)
Sirius Growth Capital Pte. Ltd. (struck off)
Sirius Growth Partners I Pte. Ltd. (dissolved
members voluntary winding up)
Sirius Japan Co., Ltd
Sirius Management Services Pte. Ltd. (struck
off)
Sirius Ventures Company Ltd (deregistered)
Sirius Ventures Sdn Bhd
Southeast Asia Acquisition Corp.
STEI Institute Pte. Ltd. (formerly known as
Sirius Training & Education Institute Pte. Ltd.)
Superdog Pte. Ltd. (dissolved creditors
voluntary winding up)
Transmex Systems International Pte. Ltd.
Present
Agri-Food & Veterinary Authority of Singapore
Ajisen (China) Holdings Limited
Cargo Community Network Pte. Ltd.
CrimsonLogic Pte. Ltd.
International Enterprise Singapore
Japan Foods Holding Ltd.
Jason Marine Group Limited
Neo Group Limited
Singapore Cruise Centre Pte. Ltd.
Singapore Kitchen Equipment Limited
Sirius Angel Fund Pte. Ltd.
Sirius Investment Inc
Sirius SME Growth Partners I Limited
Sirius Venture Capital Pte. Ltd.