REPL::Change - Announcement of Cessation::Cessation of an Executive Director

Issuer & Securities

Issuer/ Manager
SINWA LIMITED
Securities
SINWA LIMITED - SG1N21908982 - 5CN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Jul-2017 17:11:29
Status
Replacement
Announcement Sub Title
Cessation of an Executive Director
Announcement Reference
SG170701OTHR7N0E
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Sim Li-Meng Timothy (Shen Liming) as an Executive Director of the Company.

Additional Details

Name Of Person
Sim Li-Meng Timothy (Shen Liming)
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2017
Detailed Reason (s) for cessation
Mr Sim Li-Meng Timothy (Shen Liming) has resigned as a director to pursue his personal interest. He will remain as the Project Manager of the Company until end of 2017.
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
22/05/2012
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Executive Director, oversees the engineering division of Sinwa Limited.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Sim Li-Meng Timothy (Shen Liming) is the son of Mr Sim Yong Teng, the Executive Chairman, Executive Director and a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
500
Past (for the last 5 years)
Nil
Present
1. Sinwa Limited
2. Evenstar Investment Pte Ltd
3. Kovan Sports Centre Pte. Ltd.
4. Sinwa Ship Supply (HK) Pte. Ltd.
5. Sinwa Offshore & Logistics (M) Sdn Bhd

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01/07/2017 23:21:37