Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
VALUETRONICS HOLDINGS LIMITED
Securities
VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jul-2014 17:32:25
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG140722OTHRDNF7
Submitted By (Co./ Ind. Name)
Tse Chong Hing
Designation
Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

Additional Details

Name Of Person
Wu Tak Lung
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
22/07/2014
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Wu Tak Lung stepped down as an Independent Director after the conclusion of the Annual General Meeting held on 22 July 2014.
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
31/08/2011
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Audit Committee and Remuneration Committee Members and Nominating Committee Chairman
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N/A
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
China Water Industry Group Limited, Neo-Neon Holdings Limited, Hanergy Solar Group Limited, Chinese Energy Holdings Limited
Present
Beijing Media Corporation Limited, Aupu Group Holding Company Limited, China Machinery Engineering Corporation, First Tractor Company Limited, Sinomax Group Limited