Change - Announcement of Cessation::Resignation of Executive Director and Re-designation from Exe. Director to Business Operations Exe.

Issuer & Securities

Issuer/ Manager
ALLIED TECHNOLOGIES LIMITED
Securities
ALLIED TECHNOLOGIES LIMITED - SG1O07910928 - A13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Mar-2018 18:29:59
Status
New
Announcement Sub Title
Resignation of Executive Director and Re-designation from Exe. Director to Business Operations Exe.
Announcement Reference
SG180305OTHR1FE3
Submitted By (Co./ Ind. Name)
Poh Wee Chiow, Roger
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Mr Darren Chen Yu King has resigned from his designation as Executive Director and he will be re-designated from Executive Director to Business Operations Executive.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST and the Sponsor assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lee Chee Cheong, Associate Director, Investment Banking, Singapore. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone:+65 6337 5115.

Additional Details

Name Of Person
Darren Chen Yu King
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
05/03/2018
Detailed Reason (s) for cessation
The Board of Directors, having considered Mr Chen's commitment to focus on integration, business development and advisory for the new businesses that the Company proposes to invest in, has approved the resignation of Mr Chen as an Executive Director of the Company and re-designated him as the Business Operations Executive of the Company.
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
27/12/2017
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
To oversee the Group's strategic investment and corporate planning activities.
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)
Nil
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