Change - Announcement of Cessation::Cessation of Independent 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
30-Oct-2019 18:39:46
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG191030OTHR341M
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 Independent Director who is the Chairman of Nominating Committee and Remuneration Committee, and a member of the Audit Committee.

Additional Details

Name Of Person
Tan Chun Chieh
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2019
Detailed Reason (s) for cessation
Due to business commitments.
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
10/11/2008
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)
1
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 Nominating Committee and Remuneration Committee, and a member of the Audit 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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest: 150,000 ordinary shares
Deemed interest: 480,000 ordinary shares
Past (for the last 5 years)
Union Jack Elevator Pte Ltd
Present
Addcel Engineering Pte Ltd
Lesus Employment Agency Pte. Ltd.
Lesus Engineering Pte. Ltd.
Durian Republic Pte Ltd