Change - Announcement of Cessation::Resignation of Non-Executive Director

Issuer & Securities

Issuer/ Manager
MEGACHEM LIMITED
Securities
MEGACHEM LIMITED - SG1O60914015 - 5DS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Jun-2016 08:08:38
Status
New
Announcement Sub Title
Resignation of Non-Executive Director
Announcement Reference
SG160601OTHRKF1E
Submitted By (Co./ Ind. Name)
Kwok Hwee Peng
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, SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Company's Sponsor has not independently verified the contents of this Announcement.

This Announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this Announcement, including the correctness of any of the statements or opinions made or reports contained in this Announcement.

The contact person for the Sponsor is Ms Tan Pei Woon (tel: (65) 6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Atsushi Saito
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
01/06/2016
Detailed Reason (s) for cessation
Mr Atsushi Saito is resigning from the Board of Directors due to his retirement from Chori Co. Ltd, a controlling shareholder of the Company.

The Company s Sponsor, SAC Capital Private Limited, has contacted Mr Atsushi Saito and based on its enquiries, is satisfied that other than as disclosed in this announcement, there are no other material reasons for Mr Atsushi Saito's resignation.
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
21/11/2012
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.)
Non-Executive Director
Role and responsibilities
The roles and responsibilities of a Non-Executive 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?
No
Past (for the last 5 years)
Chairman of Chori Trading (Malaysia) Sdn Bhd
Present
Chairman of P.T. Chori Indonesia
President of Chori Singapore Pte Ltd