Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
KS ENERGY LIMITED
Securities
KS ENERGY LIMITED - SG1G91873040 - 578
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2016 19:37:16
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG160429OTHR9DTO
Submitted By (Co./ Ind. Name)
Kim Yi Hwa
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Billy Lee Beng Cheng who is an Independent Director.

Additional Details

Name Of Person
Billy Lee Beng Cheng
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2016
Detailed Reason (s) for cessation
Retirement of Mr. Billy Lee Beng Cheng at the conclusion of the Annual General Meeting held on 29 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?
No
Date of Appointment to current position
15/04/2002
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration Committee, and member of Audit & Risk Management Committee and Nominating Committee.
Role and responsibilities
Board Member, Chairman of Remuneration Committee and member of Audit & Risk Management Committee and Nominating Committee.
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)
CH Offshore Ltd - Singapore
China Sky Petroleum Services Ltd (now known as Universal Resources & Services Limited) - Singapore
KS Energy Limited - Singapore
Present
Asian Buddhist Film Festival Pte Ltd - Singapore
TS Lee & Sons Pte Ltd - Singapore
Yinnru Investments Pte Ltd - Singapore
SIT Giap Company Pte Ltd - Singapore
Synergy In The Sky Pte Ltd - Singapore
Goh Loo (2102) Pte Ltd - Singapore