Change - Announcement of Cessation::Cessation of Executive Chairman

Issuer & Securities

Issuer/ Manager
KLW HOLDINGS LIMITED
Securities
KLW HOLDINGS LTD - SG1G23864448 - 504
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2014 18:30:05
Status
New
Announcement Sub Title
Cessation of Executive Chairman
Announcement Reference
SG140930OTHRZ9AX
Submitted By (Co./ Ind. Name)
Lee Boon Teck
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Cesation of Executive Chairman

Note:
This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ( Sponsor ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ( SGX-ST ). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 details of the contact person for the Sponsor are:

Name: Mr. Chew Kok Liang, Registered Professional
Address: Six Battery Road, #10-01, Singapore 049909
Tel: (65) 6381 6757

Additional Details

Name Of Person
Lee Boon Teck
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2014
Detailed Reason (s) for cessation
Mr Lee Boon Teck has relinquish his role as the Executive Chairman.
He will remain as Managing Director of 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
15/06/1995
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.)
Executive Director since the listing of the Company on 15 June 1995 and Managing Director since 1 April 2012.
Role and responsibilities
Involved in the management of the Group and formulating the Group's overall strategies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Lee Boon Teck is the son of Mr Lee Choon Tai, Director of Ambertree Pte Ltd.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest of 980,428,000 shares and deemed interest of 3,414,000 shares in the capital of the Company.
Past (for the last 5 years)
Teeni Enterprise Pte Ltd
Teeni Universal Pte Ltd
Wan Dormitory Pte Ltd (Formerly known as Boon Teck Investment Pte Ltd)
Present
Ambertree Pte Ltd
KLW Wood Products (M) Sdn Bhd
KLW Joinery Pte Ltd
KLW Resources Sdn Bhd
KLW (HK) Limited
Dongguan Lebex Doors Co. Ltd
HP Global Pte Ltd