Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR WHO IS A MEMBER OF THE AUDIT AND RISK MANAGEMENT COMMITTEE

Issuer & Securities

Issuer/ Manager
KS ENERGY LIMITED
Securities
KS ENERGY LIMITED - SG1G91873040 - 578
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2017 17:27:48
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR WHO IS A MEMBER OF THE AUDIT AND RISK MANAGEMENT COMMITTEE
Announcement Reference
SG170427OTHROM2B
Submitted By (Co./ Ind. Name)
Lai Kuan Loong Victor
Designation
Company Secretary
Effective Date and Time of the event
27/04/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF INDEPENDENT DIRECTOR WHO IS A MEMBER OF THE AUDIT AND RISK MANAGEMENT COMMITTEE.

Additional Details

Name Of Person
Wong Meng Yeng
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2017
Detailed Reason (s) for cessation
Retirement of Mr Wong Meng Yeng who does not wish to seek re-election as a Director of the Company pursuant to Article 91 of the Constitution of the Company at the conclusion of the Annual General Meeting held on 27 April 2017.
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
15/04/2002
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
ID, the Chairman of the Nominating Committee ("NC" ) and members of Audit and Risk Management Committee ("ARMC") and Remuneration Committee ("RC").
Role and responsibilities
Board Member, Chairman of NC and members of ARMC and RC.
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)
1. Spoleto Pte Ltd - Singapore
Present
1. Alliance LLC - Singapore
2. Baker Technology Limited - Singapore
3. Bancalliance Pte Ltd - Singapore
4. Collinfood Pte Ltd (Formerly known As Collins Impex Ptd Ltd) - Singapore
5. Keong Hong Holdings Limited - Singapore
6. Multi-Chem Limited - Singapore
7. Pure Dale Pte Ltd - Singapore
8. Straumann Singapore Pte Ltd - Singapore
9. Memoasia Group Limited - British Virgin Islands
10. Providence Inc. - Samoa
11. Gracecourt Offshore Inc. - British Virgin Islands
12. Lido Pacific Limited - British Virgin Islands
13. Elite Power Investment Limited - British Virgin Islands