Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
LCT HOLDINGS LIMITED
Securities
LCT HOLDINGS LIMITED - BMG5376C1010 - BJL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Dec-2019 07:50:26
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG191209OTHRXAC5
Submitted By (Co./ Ind. Name)
DU JUNQI
Designation
EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

Additional Details

Name Of Person
See Yen Tarn
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
06/12/2019
Detailed Reason (s) for cessation
Due to the significant divergence of opinions with the Management of the Company in issues relating to the recent proposed acquisition of a new business.
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?
Yes
If Yes, Please provide full details
Significant divergence of opinions with the management of the company in issues relating to the proposed acquisition of a new business.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
22/10/2007
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Chairman of Audit Committee and member of the Nominating Committee and Remuneration Committee
Role and responsibilities
Non-Executive
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?
Yes
Shareholding Details
3,862 shares
Past (for the last 5 years)
Lizhong Wheel Group Limited
Present
CSC Holdings Limited
Singhaiyi Group Limited
Eindec Corporation Limited