Change - Announcement of Cessation::Cessation as Independent Director who is an Audit Committee Member

Issuer & Securities

Issuer/ Manager
WE HOLDINGS LTD.
Securities
WE HOLDINGS LTD. - SG2C00960329 - 5RJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jul-2014 19:40:52
Status
New
Announcement Sub Title
Cessation as Independent Director who is an Audit Committee Member
Announcement Reference
SG140729OTHRRI15
Submitted By (Co./ Ind. Name)
Loh Eng Lock Kelvin
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
This Announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Company's Sponsor has not independently verified the contents of this Announcement.

This Announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this Announcement, including the correctness of any of the statements or opinions made or reports contained in this Announcement.

The contact person for the Sponsor is:-

Name: Ms Amanda Chen, Registered Professional, RHT Capital Pte. Ltd.
Address: Six Battery Road #10-01, Singapore 049909
Tel: 6381 6757

Additional Details

Name Of Person
Tan Soon Tien
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
29/07/2014
Detailed Reason (s) for cessation
Mr Tan Soon Tien retired at the Annual General Meeting of the Company and did not seek for re-election.

Based on its enquiries, the Company s sponsor, RHT Capital Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reason for the cessation of Mr Tan Soon Tien as the Non-Executive and Independent Director 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
13/11/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Non-Executive and Independent Director, member of the Audit and Remuneration Committees
Role and responsibilities
Non-Executive
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)
Carl Zeiss SMT Pte Ltd
Present
LSP Technology Pte Ltd