Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
OLD CHANG KEE LTD.
Securities
OLD CHANG KEE LTD. - SG1W49939232 - 5ML

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jul-2014 17:30:40
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG140724OTHRMANV
Submitted By (Co./ Ind. Name)
LIM TAO-E WILLIAM
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF INDEPENDENT DIRECTOR FOLLOWING THE CONCLUSION OF THE ANNUAL GENERAL MEETING.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor" ) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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 contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.

Additional Details

Name Of Person
WONG CHAK WENG
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
24/07/2014
Detailed Reason (s) for cessation
Retirement, with a view to refresh the Board.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Wong Chak Weng as the Independent 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
16/11/2007
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Nominating Committee Chairman and a member of the Audit Committee and Remuneration Committee.
Role and responsibilities
Independent Director, Nominating Committee Chairman and a member of the Audit Committee and Remuneration Committee.
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)
CDW Holding Limited, SATA CommHealth
Present
Nil