Change - Announcement of Cessation::Cessation of Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
DUTECH HOLDINGS LIMITED
Securities
DUTECH HOLDINGS LIMITED - SG1V37936969 - CZ4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Sep-2014 17:31:05
Status
New
Announcement Sub Title
Cessation of Independent and Non-Executive Director
Announcement Reference
SG140919OTHR6BSF
Submitted By (Co./ Ind. Name)
Dr. Johnny Liu Jiayan
Designation
Executive Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent and Non-Executive Director

Additional Details

Name Of Person
Walter P.J. Droege
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2014
Detailed Reason (s) for cessation
Reorganization of responsibilities within Droege Group
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
01/12/2011
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)
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
Role and responsibilities
Duties of an Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Spouse of Dr. Hedda im Brahm-Droege, incoming Director of Dutech.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
By virtue of my shareholding in Droege Holding GmbH & Co. KG, the sole shareholder of Droege International Group AG which is the sole shareholder of Droege Capital GmbH, I am deemed to be interested in the shares of the Company held by Droege Capital GmbH.

Droege Capital GmbH holds 8% equity interest in Dutech Holdings Limited.
Past (for the last 5 years)
Please see Appendix A attached.
Present
Please see Appendix B attached.

Attachments