Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

Issuer & Securities

Issuer/ Manager
MANUFACTURING INTEGRATION TECHNOLOGY LTD.
Securities
MFG INTEGRATION TECHNOLOGY LTD - SG1H45875967 - M11

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2014 17:24:06
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER
Announcement Reference
SG140428OTHRK081
Submitted By (Co./ Ind. Name)
Kwong Kim Mone
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Announcement of Retirement as Independent Director who is the Chairman of Remuneration Committee, a member of the Audit Committee and Nominating Committee.

Additional Details

Name Of Person
Walter Karl-Heinz Volkmar
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2014
Detailed Reason (s) for cessation
Dr Walter Karl-Heinz Volkmar, who is over 70 years of age and is due to retire pursuant to Section 153(2) of the Singapore Companies Act, Cap. 50, is retiring and not seeking for re-appointment at the Annual General Meeting.
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
20/11/2006
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)
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.)
Independent Director, Chairman of Remuneration Committee, a member of the Audit Committee, Nominating Committee and Investment Committee.
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
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
100,000 ordinary shares
Past (for the last 5 years)
None
Present
None