Change - Announcement of Cessation::Cessation of Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
TUAN SING HOLDINGS LIMITED
Securities
TUAN SING HOLDINGS LIMITED - SG2D13002373 - T24
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2017 17:16:52
Status
New
Announcement Sub Title
Cessation of Independent and Non-Executive Director
Announcement Reference
SG170630OTHRJZRJ
Submitted By (Co./ Ind. Name)
Helena Chua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Chow Kok Kee as an Independent and Non-Executive Director.

Additional Details

Name Of Person
Chow Kok Kee
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2017
Detailed Reason (s) for cessation
Mr Chow Kok Kee is stepping down as Director to allow for planned board renewal. In so doing, Tuan Sing will continue to refresh its board composition.
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
01/03/1999
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.)
Independent & Non-Executive Director, Chairman of Remuneration Committee, a member of the Audit and Risk Committee & the Nominating Committee.
Role and responsibilities
Duties of an Independent Director, Chairman of the Remuneration Committee, a member of the Audit and Risk Committee and the Nominating Committee.
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?
Yes
Shareholding Details
Shares: Nil
Debentures: S$250,000 of 6% Series 002 Notes due 2020
Past (for the last 5 years)
1. Chosen Holdings Limited
2. Valuetronics Holdings Limited
3. Innovalues Holdings Pte Ltd*
4. Meiban Group Pte. Ltd.*
*previously listed on the SGX-ST
Present
1. M1 Limited
2. ACTA Investment & Services Pte Ltd
3. Transwater Services Pte Ltd