Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
TRAVELITE HOLDINGS LTD.
Securities
TRAVELITE HOLDINGS LTD. - SG1BF1000002 - BCZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-May-2017 18:24:16
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG170504OTHRUQQ6
Submitted By (Co./ Ind. Name)
Thang Teck Jong
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director who is a member of the Nominating Committee, Remuneration Committee and Audit Committee of the Company.

Additional Details

Name Of Person
Hoe Kee Kok
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
05/05/2017
Detailed Reason (s) for cessation
In support of the Board renewal plan, Mr Hoe will be stepping down as Director of the Company. Following his cessation as Director, Mr Hoe will continue his employment with the Group as Director of Demarco Pte Ltd, SYI Co (Pte) Ltd and JIT Distribution Pte. Ltd.
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
12/08/2005
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director (Operations) and a member of the Nominating Committee, Remuneration Committee and Audit Committee of the Company.
Role and responsibilities
Responsible for (i) implementing the Group's conceptual directions and developing strategies for the Group; and (ii) overseeing the day-to-day operations and administrative matters of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Hoe is the brother of Mr Thang Teck Jong (Executive Chairman and the controlling shareholder of the Company).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Hoe owns 1,411,902 shares in the share capital of the Company.
Past (for the last 5 years)
Nil
Present
Demarco Pte Ltd
JIT Distribution Pte. Ltd.
SYI Co (Pte) Ltd