Change - Announcement of Cessation::Retirement of Director and Board Chairman

Issuer & Securities

Issuer/ Manager
CHEUNG WOH TECHNOLOGIES LTD
Securities
CHEUNG WOH TECHNOLOGIES LTD - SG1M94907805 - C50
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Jul-2020 18:41:50
Status
New
Announcement Sub Title
Retirement of Director and Board Chairman
Announcement Reference
SG200727OTHRGR2U
Submitted By (Co./ Ind. Name)
Law Yu Chui
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Mr Law Kung Ying retired as Non-Executive Non-Independent Director as mentioned in the Company's announcement released on 10 October 2019. Accordingly, Mr Law Kung Ying ceased as Chairman of the Board and a member of the Nominating Committee.

The Board would like to take this opportunity to record their heartfelt appreciation and thanks to Mr Law Kung Ying for his valuable contributions and wishes him all the best in his future endeavours.

Additional Details

Name Of Person
Law Kung Ying
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
27/07/2020
Detailed Reason (s) for cessation
Mr Law Kung Ying has decided to retire due to health reason.
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
18/05/1979
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)
3
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.)
Non-Executive Non-Independent Director, Chairman of the Board and a member of the Nominating Committee.
Role and responsibilities
Fulfill the responsibilities of Chairman of the Board, Non-Executive Non-Independent Director and a member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Law Kung Ying is a brother of Mr Law Kung Ming (Executive Director) and Ms Law Yu Chui (Finance and Administrative Director). He is a son of Mdm Lee Hang Ngok (Substantial Shareholder).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest: 10,419,600 ordinary shares
Past (for the last 5 years)
Tysan Precision Engineering (Suzhou) Co., Ltd
Suzhou Tysan Steel Co., Ltd
Present
Cheung Woh Technologies (Johor) Sdn. Bhd.
Cheung Woh Technologies (Malaysia) Sdn. Bhd.
Cheung Woh Precision (Zhuhai) Co., Ltd
Cheung Woh Technologies (Zhuhai) Co., Ltd
Cheung Woh International (Macao Commercial Offshore) Company Limited
Nexsuss Holdings Pte. Ltd.