REPL::Change - Announcement of Cessation::CESSATION AS EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
NATURAL COOL HOLDINGS LIMITED
Securities
NATURAL COOL HOLDINGS LIMITED - SG1T36930298 - 5IF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Nov-2015 18:43:11
Status
Replacement
Announcement Sub Title
CESSATION AS EXECUTIVE DIRECTOR
Announcement Reference
SG151130OTHRERGV
Submitted By (Co./ Ind. Name)
Leaw Wei Siang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

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

The contact person for the Sponsor is Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Chia Puay Hwee
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2015
Detailed Reason (s) for cessation
Pursuant to the terms of the sale and purchase agreement entered into between the Company and Nitto Kogyo Corporation in relation to the sale by the Company of Gathergates Group Pte. Ltd.

Based on its enquires, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Chia Puay Hwee as the Executive Director 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
01/07/2012
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
He is responsible for the overall performance of the group's switchgear division.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chia Puay Hwee is the brother-in-law of Mr Joseph Ang Choon Cheng and Mr Eric Ang Choon Beng.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Chia Puay Hwee has a direct interest in 10,214,000 ordinary shares of the Company, and deemed interest in 1,000 ordinary shares of the Company. Mr Chia Puay Hwee is deemed to be interested in the 1,000 ordinary shares held by his spouse, Mdm Ang Siew Khim.
Past (for the last 5 years)
Titans Power System Pte. Ltd.
Titans Power Holding Pte. Ltd.
Kent Survey Management Pte. Ltd. (f.k.a. Ecube Electric Pte. Ltd.)
Present
Gathergates Switchgear Pte. Ltd.
Gathergates Group Pte. Ltd.
Lorentz Asia Pte. Ltd.

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30/11/2015 17:36:51