Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
NEW SILKROUTES GROUP LIMITED
Securities
NEW SILKROUTES GROUP LIMITED - SG1CE0000004 - BMT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Oct-2016 18:00:45
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG161031OTHR1D9P
Submitted By (Co./ Ind. Name)
ONG BENG HONG
Designation
JOINT COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
It is noted that the Company has not been able to obtain Mr Lau Yu's confirmation on the contents of this announcement and accordingly the Company has prepared this announcement based on information available to the Company. In particular, the Company has assumed and indicated negative responses to the queries in this announcement relating to (i) any unresolved differences in opinion on materials matters between the person and the board of directors; (ii) any matter in relation to the cessation that needs to be brought to the attention of the shareholders and (iii) any other relevant information to be provided to shareholders. If necessary, the Company will release a follow up announcement upon receipt of Mr lau Yu's confirmation.

Additional Details

Name Of Person
LAU YU
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2016
Detailed Reason (s) for cessation
Mr Lau Yu did not seek re-election at the Annual General Meeting ( AGM ). Accordingly, he retired as a Director of the Company on 31 October 2016 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
20/07/2012
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 and Vice Chairman of Board of Directors.
Role and responsibilities
Executive Director; To oversee and guide the Company, particularly in its coal and coke business operations.
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?
No
Past (for the last 5 years)
Nil
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