Change - Announcement of Cessation::Retirement of Mr Colin Ng Teck Sim

Issuer & Securities

Issuer/ Manager
SUTL ENTERPRISE LIMITED
Securities
SUTL ENTERPRISE LIMITED - SG1BJ4000001 - BHU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Jan-2020 12:05:21
Status
New
Announcement Sub Title
Retirement of Mr Colin Ng Teck Sim
Announcement Reference
SG200102OTHR6F8U
Submitted By (Co./ Ind. Name)
Tan Choon Kiat
Designation
Group Financial Controller
Description (Please provide a detailed description of the event in the box below)
Mr. Colin Ng Teck Sim, an independent director and Chairman of the Nominating Committee as well as member of the Audit Committee and Remuneration Committee, is retiring due to health reasons. His retirement takes effect on 30 December 2019. The board of Directors has accepted his letter of retirement and would like to put on record its thanks and gratitude to Mr. Ng for his many years of contributions to the Board and the Company.

Additional Details

Name Of Person
Colin Ng Teck Sim
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
30/12/2019
Detailed Reason (s) for cessation
Mr. Colin Ng Teck Sim is retiring due to health reasons.
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
22/06/2011
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, member of Audit Committee and Remuneration Committee, Chairman of Nominating Committee
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1) Aces Diamond Pte Ltd 2)Aztech Group Ltd 3) CNP Services Pte Ltd 4) CNPLAW LLP 5) LINKASIA Consult Pte Ltd 6) Sundaram Asset Management Singapore Pte Ltd
Present
1) B&K Securities Pte Ltd 2) CEI Limited 3) CN (1988) Pte Ltd 4) CNP Compliance Pte Ltd 5) CNP Services Pte Ltd 6) Oldham Alpha Investments Pte Ltd 7) SUTL Enterprise Limited