Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
LIAN BENG GROUP LTD
Securities
LIAN BENG GROUP LTD - SG1G55870362 - L03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Jul-2015 21:31:04
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG150710OTHRLFHV
Submitted By (Co./ Ind. Name)
Ong Pang Aik
Designation
Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

Additional Details

Name Of Person
Sitoh Yih Pin
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
10/07/2015
Detailed Reason (s) for cessation
Due to differences in opinion from the management over certain company affairs. The Company takes this opportunity to refresh the Board in line with the spirit of the Code of Corporate Governance. The Board expresses its thanks and appreciation for Mr Sitoh Yih Pin's contributions to the Company.
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
01/04/1999
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee, Member of the Audit Committee and Nominating Committee
Role and responsibilities
Non-Executive. Independent Director
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?
No
Past (for the last 5 years)
Please refer to Annexure A
Present
Please refer to Annexure A

Attachments

AnnexureASitoh.pdf
Total size =9K