Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
SINGAPORE EDEVELOPMENT LIMITED
Securities
SINGAPORE EDEVELOPMENT LTD - SG1AE2000006 - 40V
SINGAPORE EDEV LTD W161230 - SG30E6000009 - 40XW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Aug-2016 18:11:04
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE DIRECTOR
Announcement Reference
SG160802OTHR6BPE
Submitted By (Co./ Ind. Name)
Chan Heng Fai
Designation
Executive Director and Chief Executive Officer
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 Hong Leong Finance Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 contact person for the Sponsor is Mr Tang Yeng Yuen, Vice President, Head of Corporate Finance, Hong Leong Finance Limited, at 16 Raffles Quay, #40-01A Hong Leong Building, Singapore 048581, telephone: +65 6415-9886.

Additional Details

Name Of Person
TEH WING KWAN
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
02/08/2016
Detailed Reason (s) for cessation
Mr Teh Wing Kwan has decided to resign as a Non-Executive Director of our Company to focus on his on-going businesses and allow more time to be devoted to his current and anticipated corporate commitments.

Based on its enquiries, the Company's sponsor, Hong Leong Finance Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Teh Wing Kwan as an Non-Executive Director of Singapore eDevelopment Limited.
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
03/06/2013
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and member of the Audit and Risk Management Committee
Role and responsibilities
Fulfilling the duties and responsibilities as a Non-Executive Director and a member of the Audit and Risk Management Committee.
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
Mr Teh Wing Kwan holds 91,000 ordinary shares and 5,434 bonus warrants of the Company.
Past (for the last 5 years)
Singapore eDevelopment Limited
Singapore Construction & Development Pte Ltd
Asian American Medical Group Limited
ZH International Holdings Limited
TWT Equity Pte Ltd
China Titanium Ltd
Creative Master Bermuda Ltd
Present
Sapphire Corporation Limited
Ranken Infrastructure Limited
Mancala Holdings Pty Ltd
Mancala Holdings Limited
National Land Investments Limited
BMI Capital Partners Limited
BMI Capital Partners Pte Ltd
Koda Woodcraft Sdn Bhd
Jatat Furniture Industries Sdn Bhd
Zenith Heights Sdn Bhd