Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 01-Jul-2019 17:44:45
Status: New
Announcement Sub Title: Announcement of Cessation of Independent Director
Announcement Reference: SG190701OTHRXLO5
Submitted By (Co./ Ind. Name): Luong Andy
Designation: Executive Chairman and Chief Executive Officer
Effective Date and Time of the event: 01/07/2019 17:00:00
Description (Please provide a detailed description of the event in the box below): This announcement has been prepared by the Company and its contents have been reviewed by the Company s Sponsor, RHT Capital Pte. Ltd. (the Sponsor ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST ) Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The details of the contact person for the Sponsor is:
Name: Mr. Shervyn Essex (Registered Professional, RHT Capital Pte. Ltd.)
Address: 9 Raffles Place #29-01, Republic Plaza Tower 1, Singapore 048619
Telephone: 6381 6757

Name Of Person: Chung Chi Te
Age: 55
Is effective date of cessation known?: Yes
If yes, please provide the date: 28/06/2019
Detailed Reason (s) for cessation: Passed away on 28 June 2019
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: 27/07/2018
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): 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.): Independent Director
Role and responsibilities: Independent director of JEP Holdings Limited.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries: No
Shareholding interest in the listed issuer and its subsidiaries?: No
Past (for the last 5 years): China Africa Motors (BAW SA)
Present: No

Total size =222K