Change - Announcement of Cessation::CESSATION AS CHIEF OPERATING OFFICER

Issuer & Securities

Issuer/ Manager
DYNA-MAC HOLDINGS LTD.
Securities
DYNA-MAC HOLDINGS LTD. - SG2C93967918 - NO4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Apr-2021 17:27:18
Status
New
Announcement Sub Title
CESSATION AS CHIEF OPERATING OFFICER
Announcement Reference
SG210416OTHROCMM
Submitted By (Co./ Ind. Name)
Lim Ah Cheng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
CESSATION AS CHIEF OPERATING OFFICER

Additional Details

Name Of Person
Lim Tjew Yok
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2021
Detailed Reason (s) for cessation
Mr Lim is retiring as Director at the forthcoming Annual General Meeting of the Company to be held on 29 April 2021 and will resign as Chief Operating Officer on 30 April 2021.
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
08/02/2011
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)
4
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.)
Executive Director and Chief Operating Officer.
Role and responsibilities
As Chief Operating Officer, Mr Lim is responsible for Operations and Planning, Quality Assurance & Quality Control, Group Information Technology, Engineering and Overseas Project Management in Shanghai & Philippines.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Uncle of Ms Lim Rui Ping (Director)
Brother-in-law of Mr Teo Boon Hwee (Chief Marketing Officer and alternate director to Ms Lim Rui Ping)
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
2,000,000 shares
Past (for the last 5 years)
N.A.
Present
Dyna-Mac Holdings Ltd.
Dyna-Mac Keppel Philippines Inc
DM-CMHI Offshore Engineering (Jiangsu) Co Ltd