Change - Announcement of Cessation::Announcement of Cessation as Managing Director, Luxury Enterprises

Issuer & Securities

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 30-Jul-2016 15:59:28
Status: New
Announcement Sub Title: Announcement of Cessation as Managing Director, Luxury Enterprises
Announcement Reference: SG160730OTHRTDH1
Submitted By (Co./ Ind. Name): Christine Chan
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Cessation of Ms Lim Jee Yah as Managing Director, Luxury Enterprises.

Name Of Person: Ms Lim Jee Yah
Age: 59
Is effective date of cessation known?: Yes
If yes, please provide the date: 31/07/2016
Detailed Reason (s) for cessation: To pursue other interests.
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: 17/02/2014
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): 5
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.): Managing Director, Luxury Enterprises.
Role and responsibilities: Responsible for the development of The Hour Glass' luxury business division.
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): N.A
Present: N.A