Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
SWING MEDIA TECHNOLOGY GRP LTD
Securities
SWING MEDIA TECHNOLOGY GRP LTD - BMG8609Q2775 - BEV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Aug-2017 17:08:14
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG170801OTHRR2LB
Submitted By (Co./ Ind. Name)
Johnny Chan Hon Chung
Designation
Director / Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Swing Media Technology Group Limited ("Company") wishes to announce the resignation of Mr Wong Heng Hwai as Independent Non-Executive Director of the Company with effect from 31 July 2017. Following his resignation, Mr Wong Heng Hwai has relinquished his position as a member of Nominating Committee.

The Company would like to express their sincere thanks and appreciation to Mr Wong Heng Hwai for his significant contribution to the Company and wish him well in his future endeavour.

The details in relation to the resignation of Mr Wong Heng Hwai as required under Rule 704(7) of the Listing Rules of the Singapore Exchange Securities Trading Limited are set out below.

Consequent to the above and with effect from 31 July 2017, the composition of the Board shall be as follows:

Board of Directors

1) Mr Hui Yan Sui William (Executive Director / Chairman)
2) Mr Hui Yan Moon (Executive Director / Chief Executive Officer)
3) Mr Chan Hon Chung Johnny (Executive Director / Chief Financial Officer / Joint Company Secretary)
4) Mr Yuen Shu Tong (Independent Non-Executive Director)
5) Mr Lau Yiu Nam Eric (Lead Independent Non-Executive Director)
6) Mr Yu Yeung Hoi Stephen (Independent Non-Executive Director)
7) Mr Lim Kok Hui (Independent Non-Executive Director)

The Company will seek an extension of time from SGX-ST to comply with Rule 221 of the Listing Manual and endeavours to fill the abovementioned vacancies as soon as possible.

By Order of the Board

Johnny Chan Hon Chung
Director / Company Secretary
1 August 2017

Additional Details

Name Of Person
Wong Heng Hwai
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2017
Detailed Reason (s) for cessation
Personal health
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
27/07/2012
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)
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 Non-Executive Director, Member of Nominating Committee.
Role and responsibilities
Fulfilling the responsibilities of an Independent Non-Executive Director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Asiacap Management Pte. Ltd.
Perennial Advisory Pte. Ltd.
Perennial Capital Limited
Beyond Incorporation Pte. Ltd.
Present
Nil