Change - Announcement of Cessation::Cessation of Independent Director who is a member of Audit Committee

Issuer & Securities

Issuer/ Manager
LCD GLOBAL INVESTMENTS LTD.
Securities
LCD GLOBAL INVESTMENTS LTD. - SG1C01001033 - L38

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jul-2014 19:18:45
Status
New
Announcement Sub Title
Cessation of Independent Director who is a member of Audit Committee
Announcement Reference
SG140725OTHRCEBY
Submitted By (Co./ Ind. Name)
IRIS WU HWEE TAN
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director who is a member of Audit Committee

Additional Details

Name Of Person
Phua Tin How
Age
64
Is effective date of cessation known?
No
If No, please advise when the date will be announced
Mr Phua intends to step down as Director upon conclusion of the forthcoming Board meeting which is scheduled to take place no later than 28 Aug 2014.
Detailed Reason (s) for cessation
(1) To facilitate Board renewal
(2) Personal and corporate commitments
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
26/11/1999
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Member of Audit and Remuneration Committees
Role and responsibilities
As above
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)
Rotol Singapore Ltd, Rotol Projects Pte Ltd
Present
LCD Global Investments Ltd, Valuemax Group Limited, YHI International Limited, Hao Hua Holdings Pte Ltd, TranSil Corporation Pte Ltd, Qi Sheng Pte Ltd, Shanghai QiAi Driver's Training Co Ltd, LED System Technology Pte Ltd