Change - Announcement of Cessation::Cessation of Director - Mr Chan Kum Kit

Issuer & Securities

Issuer/ Manager
SING HOLDINGS LIMITED
Securities
SING HOLDINGS LIMITED - SG1T28930090 - 5IC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Apr-2016 18:34:07
Status
New
Announcement Sub Title
Cessation of Director - Mr Chan Kum Kit
Announcement Reference
SG160404OTHRQNPG
Submitted By (Co./ Ind. Name)
Tay Puay Kuan
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Chan Kum Kit as Non-Executive and Independent Director, who is Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee.

Additional Details

Name Of Person
Chan Kum Kit
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
19/04/2016
Detailed Reason (s) for cessation
Mr Chan Kum Kit, having served as an Independent Director of Sing Holdings Limited for 9 years, is retiring as Director. He is not seeking re-election and shall cease to be a Director at the conclusion of the Annual General Meeting ("AGM") on 19 April 2016.
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?
Yes
If Yes, Please provide full details
Another Independent Director, Mr Tan Tong Guan has been nominated for appointment by shareholders at the coming AGM on 19 April 2016, in place of Mr Chan. If appointed, Mr Tan will also be appointed as Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee.
Date of Appointment to current position
24/04/2007
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)
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.)
Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee.
Role and responsibilities
Role as Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
58,000 shares in Sing Holdings Limited
Past (for the last 5 years)
None
Present
Smartflex Holdings Ltd.
Healthserve Ltd.
FC Solution Pte Ltd
KK Chan Pte Ltd