Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
DYNAMIC COLOURS LIMITED
Securities
DYNAMIC COLOURS LIMITED - SG1W32938860 - D6U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2019 17:27:59
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG191230OTHRCETH
Submitted By (Co./ Ind. Name)
Goh Seok Eng
Designation
Deputy Group Managing Director and Technical Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director

Additional Details

Name Of Person
Yeo Hock Leng
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2019
Detailed Reason (s) for cessation
To be in compliance with 2018 Code of Corporate Governance on Principle 2 for Board Composition and Guidance, specifically on Provisions 2.2.
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
02/07/1993
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 Chairman and Group Managing Director
Role and responsibilities
- General management of the Company and its subsidiaries in China, Malaysia and Vietnam.
- The strategic planning of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Spouse of Mdm Goh Seok Eng who is a fellow director and shareholder.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Yeo holds 27,839,496 shares which represents 13.26% of the issued and paid-up capital of the Company.
Past (for the last 5 years)
Executive Chairman and Managing Director of Dynamic Colours Limited
Present
Director of Hundred Vision Equity Sdn Bhd