Change - Announcement of Cessation::Resignation of Mr Chng Beng Hock as an Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
COMPACT METAL INDUSTRIES LTD
Securities
COMPACT METAL INDUSTRIES LTD - SG2G22997172 - T4E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Nov-2014 17:48:37
Status
New
Announcement Sub Title
Resignation of Mr Chng Beng Hock as an Non-Independent Non-Executive Director
Announcement Reference
SG141111OTHRB046
Submitted By (Co./ Ind. Name)
Chng Beng Hua
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Chng Beng Hock as an Non-Independent Non-Executive Director and a member of the Audit Committee and Remuneration Committee.

Additional Details

Name Of Person
Chng Beng Hock
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
10/11/2014
Detailed Reason (s) for cessation
In connection with the disposal of Mr Chng Gim Huat's shareholdings, Mr Chng Beng Hock had indicated his intention to resign from the Board of the Company and the Board has accepted his resignation.
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
15/05/2007
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)
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.)
Non-Independent Non-Executive Director, member of the Audit Committee and Remuneration Committee.
Role and responsibilities
Role and responsibilities as a Non-Executive Director, Audit Committee member and Remuneration Committee member
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother of Chng Beng Hua.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
1. Alliance Securities (Pte.)
2. Alliance Securities Nominees Pte. Ltd.
3. Booo Yaaa Pte. Ltd
4. Eastwood Park Pte Ltd
5. PIP Marketing Pte Ltd
6. Royal Food Eatery Pte Ltd
7. TMX Marketing Pte Ltd
8. Capricon Pte Ltd
9. Orchid Cafe Pte Ltd
10. C.G.H. Development Pte Ltd
11. Chng Gim Huat Holdings Pte Ltd