Change - Announcement of Cessation::Cessation of Non-Executive Director

Issuer & Securities

Issuer/ Manager
DYNAMIC COLOURS LIMITED
Securities
DYNAMIC COLOURS LIMITED - SG1W32938860 - D6U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2016 18:47:17
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG160331OTHR7MV5
Submitted By (Co./ Ind. Name)
Yeo Hock Leng
Designation
Executive Chairman and Group Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Director

Additional Details

Name Of Person
Lim Kim Liang
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
18/04/2016
Detailed Reason (s) for cessation
Retirement - Mr Lim does not seek for re-election as a director of the Company at the forthcoming Annual General Meeting ("AGM") of the Company scheduled to be held on 18 April 2016. Mr Lim shall cease as a director of the Company at the conclusion of the AGM.
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
05/08/2009
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.)
Non-Executive Director
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
Mr Lim was the Chief Operating Officer ("COO") of Intraco Limited, a substantial shareholder of the Company and he has resigned as the COO of Intraco Limited on 26 February 2016.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Serial Technology Pte Ltd
Intraco International (Shanghai) Co. Ltd
Orion Construction (Pte) Ltd (Struck Off)
Singapore Resources Pte Ltd (Struck Off)
Semicon Components Pte Ltd (Struck Off)
Intraco Securities Pte Ltd (Struck Off)
Metraco Private Limited (Struck Off)
China Minerals & Metals Holdings Pte Ltd (Struck Off)
Intraco Trading Pte Ltd
Intraco Foods Pte Ltd
Intrawave Pte Ltd
Intraco International Pte Ltd
Tat Hong Intraco Pte Ltd
Tat Hong Intraco Heavy Equipment Co. Ltd
Present
Nil