Change - Announcement of Cessation::Cessation as an Independent Director of the Company

Issuer & Securities

Issuer/ Manager
OKH GLOBAL LTD.
Securities
OKH GLOBAL LTD. - BMG6730R1079 - S3N
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Oct-2016 07:50:33
Status
New
Announcement Sub Title
Cessation as an Independent Director of the Company
Announcement Reference
SG161010OTHRM2IS
Submitted By (Co./ Ind. Name)
Chew Kok Liang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Upon the resignation of Mr Lee Teck Leng Robson as Independent Director, Mr Lee will cease to be Chairman of Nominating Committee, a member of Audit and Remuneration Committees with immediate effect. The Company will endeavour to fill the vacancy in the Board Committees within 2 months to comply with Listing Rules 704(8) of the Listing Manual.

Additional Details

Name Of Person
Lee Teck Leng Robson
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
07/10/2016
Detailed Reason (s) for cessation
Mr Lee Teck Leng Robson has served a full term of 3 years as independent director and he does not intend to renew his appointment as Independent Director at the coming AGM 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?
Yes
If Yes, Please provide full details
The Management has requested and the Board was inclined, subject to further discussion with the Company's external auditors on the required timeline, to accede to the Management's request to submit an application to the Singapore Exchange for an extension of the Company's AGM instead of the original date of 28 October 2016 for the AGM. Mr Lee did not disagree with the Board's decision. He has resigned as an Independent Director as he does not wish to extend his directorship beyond one term of office. The Company will make the necessary announcement(s) on any extension of the AGM date, subject to the approval of the Singapore Exchange.
Date of Appointment to current position
31/10/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee, Member of Audit and Remuneration Committees
Role and responsibilities
Assumed the roles of Independent Director, Chairman of Nominating Committee, Member of Audit and Remuneration Committees
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)
Qian Hu Corporation Ltd
Best World International Ltd
Present
Matex International Limited
Sheng Siong Group Limited
Serial System Ltd
Sim Lian Group Limited
Man Wah Holdings Limited (a company listed on the Hong Kong Stock Exchange)