Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
LUM CHANG HOLDINGS LIMITED
Securities
LUM CHANG HOLDINGS LIMITED - SG1E20001293 - L19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2015 18:21:58
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG151030OTHR4REX
Submitted By (Co./ Ind. Name)
Tony Fong
Designation
Company Secretary
Effective Date and Time of the event
30/10/2015 18:21:00
Description (Please provide a detailed description of the event in the box below)
Retirement by rotation in accordance with Article 99 of the Company's Articles of Association.

Additional Details

Name Of Person
Kenneth G R MacLennan
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2015
Detailed Reason (s) for cessation
Mr Kenneth G R MacLennan, who retires by rotation in accordance with Article 99 of the Company's Articles of Association, had notified the Company that he will not be seeking re-appointment at the Annual General Meeting held on 30 October 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
30/11/2001
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.)
Independent Director, Nominating Committee Chairman, Audit and Risk Committee Member and Remuneration Committee Member.
Role and responsibilities
Chairman of Nominating Committee and Member of Audit and Risk Committee and Remuneration Committee.
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?
No
Past (for the last 5 years)
1) The New Lifestyles Company Ltd
2) L.C. (London) Ltd
3) City Merchants High Yield Trust
4) JCA Group Coaching LLP
Present
1) Wispay Properties Limited