Change - Announcement of Cessation::Announcement of Cessation of Independent Director (Pao Kiew Tee)

Issuer & Securities

Issuer/ Manager
JUBILEE INDUSTRIES HOLDINGS LTD.
Securities
JUBILEE INDUSTRIES HLDGS LTD. - SG1Y33945565 - 5OS
JUBILEE INDUSTRIES W161109 - SG5DJ7000005 - 40QW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Aug-2016 17:23:37
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director (Pao Kiew Tee)
Announcement Reference
SG160805OTHRJUGN
Submitted By (Co./ Ind. Name)
KELVIN LOH
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Independent Director (Pao Kiew Tee).

This announcement has been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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:-

Name: Mr. Tan Chong Huat, Registered Professional, RHT Capital Pte. Ltd.
Address: Six Battery Road #10-01, Singapore 049909
Tel: 6381 6757

Additional Details

Name Of Person
Pao Kiew Tee
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
05/08/2016
Detailed Reason (s) for cessation
Mr Pao Kiew Tee has been an Independent Director of the Company since IPO in June 2009 and he is of the view that it is time for him to move on and look for new challenges.
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
09/06/2009
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director; Chairman of the Audit Committee and a member of the Remuneration Committee
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Chairman of the Audit Committee and a member of the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Imperium Crown Ltd.
Present
Mary Chia Holdings Limited
Logistics Holdings Limited
Wong Fong Industries Limited