Change - Announcement of Cessation::Cessation - Non-executive Director

Issuer & Securities

Issuer/ Manager
THE STRATECH GROUP LIMITED
Securities
THE STRATECH GROUP LIMITED - SG1CG9000000 - BRR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Apr-2018 11:21:01
Status
New
Announcement Sub Title
Cessation - Non-executive Director
Announcement Reference
SG180408OTHRVSZZ
Submitted By (Co./ Ind. Name)
Leong Sook Ching
Designation
Company Secretary
Effective Date and Time of the event
06/04/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation - Non-executive Director

Additional Details

Name Of Person
Chew Heng Ching
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
30/03/2018
Detailed Reason (s) for cessation
Mr Chew's reasons for resignation included: Mr Chew had previously expressed the desire to retire at the AGM for FY2017 which has been delayed and not yet held, issues with the outstanding amounts due to statutory creditors as announced and which affected the directors and their other directorships, amounts owing to directors which could affect the independence of directors and others.
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?
Yes
If Yes, Please provide full details
Mr Chew was the chairman of the Nominating Committee (NC), member of the Audit and Risk Management Committee (ARMC) and Remuneration Committee (RC). The Company will reconstitute the said committees as soon as practicable and make the necessary announcement(s) in due course. See reasons for cessation above.
Any other relevant information to be provided to shareholders of the listed issuer?
Yes
If Yes, Please provide full details
The Company wishes to thank Mr Chew for his contribution.
Date of Appointment to current position
28/01/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
NC Chairman
AC Member
RC member
Role and responsibilities
The Non-executive directors contribute to the Board processes by monitoring and reviewing Management's performance against goals and objectives. Their views and opinions provide alternate perspectives involving conflict of interest and other complexities and also constructively challenge and help develop proposals on the Company's strategies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
0
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Huan Hsin Holdings Ltd
Bonvests Holding Ltd
Pharmesis International Ltd
Spindex Industries Ltd
Ausgroup Ltd
Sinopipe Holdings Ltd
Present
See above