Change - Announcement of Cessation::Resignation of Non-Executive Independent Chairman and Lead Independent Director

Issuer & Securities

Issuer/ Manager
SHANGHAI TURBO ENTERPRISES LTD
Securities
SHANGHAI TURBO ENTERPRISES LTD - KYG8064W1160 - AWM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Oct-2018 08:17:57
Status
New
Announcement Sub Title
Resignation of Non-Executive Independent Chairman and Lead Independent Director
Announcement Reference
SG181001OTHR8OXS
Submitted By (Co./ Ind. Name)
Wong Yoen Har
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Independent Chairman and Lead Independent Director

Additional Details

Name Of Person
Chia Seng Hee
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2018
Detailed Reason (s) for cessation
To facilitate the renewal of the Board.
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
01/02/2008
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Board, Lead Independent Director, member of the Audit Committee and Chairman of the Nominating Committee and Remuneration Committee
Role and responsibilities
Non-Executive
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)
- AGV Group Limited
- China Hongcheng Holdings Limited (Delisted from the Official List of the SGX-ST with effect from 9.00 a.m. on 22 November 2016)
- E Frontier Global Pte Ltd (Struck Off)
- E Frontier Singapore Pte Ltd (Struck Off)
- Guangzhao Industrial Forest Biotechnology Group Limited (Dissolved - Compulsory Winding Up)
- Legami Pte. Ltd.
- Ricesse Management Inc.
- Singapore Capital Partners Pte Ltd (Struck Off)
- Sunray Holdings Limited (Delisted from the official List of the SGX-ST with effect from 9.00 a.m. on 1 April 2014)
Present
- Combine Will International Holdings Limited
- Debao Property Development Ltd
- Dukang Distillers Holdings Limited
- Jack Global Consulting Pte. Ltd.
- mm2 Asia Ltd
- Ying Li International Real Estate Limited
- LifeBrandz Ltd