Change - Announcement of Cessation::Cessation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
EINDEC CORPORATION LIMITED
Securities
EINDEC CORPORATION LIMITED - SG1CE9000005 - 42Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Dec-2017 18:40:09
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Executive Officer
Announcement Reference
SG171226OTHR9L7K
Submitted By (Co./ Ind. Name)
Shirley Tan
Designation
Company Secretary
Effective Date and Time of the event
26/12/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Eindec Corporation Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact persons for the Sponsor are Mr Alvin Soh, Head of Catalist Operations, Senior Vice President, and Mr Josh Tan, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Lim Wee Keong
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
26/12/2017
Detailed Reason (s) for cessation
In pursuit of other opportunities.

The Company's sponsor, UOB Kay Hian Private Limited, after having interviewed Mr Lim Wee Keong, is not aware of any other material reasons for the cessation of Mr Lim Wee Keong as the Executive Director and Chief Executive Officer 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?
No
Date of Appointment to current position
17/10/2016
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Responsible for the overall Group's business operations and performance.
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)
Eindec Holdings Pte. Ltd.
Eindec Singapore Pte. Ltd.

Concurrent with his resignation as a director of the Company, Mr Lim Wee Keong has also resigned as director of the Company's subsidiaries, Eindec Holdings Pte. Ltd. and Eindec Singapore Pte. Ltd.
Present
Nil