Change - Announcement of Cessation::Cessation of Executive Chairman

Issuer & Securities

Issuer/ Manager
HEALTHWAY MEDICAL CORPORATION LIMITED
Securities
HEALTHWAY MEDICAL CORP LTD - SG1X09940682 - 5NG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-May-2015 21:26:15
Status
New
Announcement Sub Title
Cessation of Executive Chairman
Announcement Reference
SG150505OTHRUVO0
Submitted By (Co./ Ind. Name)
Yeow Ming Ying
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Chairman

This announcement has been prepared by Healthway Medical Corporation Limited (the "Company") and its contents have been reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "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 person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.


Additional Details

Name Of Person
Fan Kow Hin
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
05/05/2015
Detailed Reason (s) for cessation
Mr Fan Kow Hin has decided to resign as Executive Chairman on his own accord to explore and finalise another executive position. Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Fan Kow Hin as the Executive Chairman 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
16/05/2007
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.)
Executive Chairman, Member of Nominating Committee
Role and responsibilities
Executive. Responsible for providing strategic direction and leadership to the Board.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Fan Kow Hin is the spouse of Mdm Chee Yin Meh who is deemed interested in her spouse's shareholdings in the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed Interest - 444,142,812 shares in Healthway Medical Corporation Limited
Past (for the last 5 years)
Please see Annexure.
Present
Please see Annexure.

Attachments

Annexure.pdf
Total size =33K