Change - Announcement of Cessation::CESSATION AS INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
MEMSTAR TECHNOLOGY LTD.
Securities
MEMSTAR TECHNOLOGY LTD. - SG1W58939412 - 5MS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Dec-2017 17:28:32
Status
New
Announcement Sub Title
CESSATION AS INDEPENDENT DIRECTOR
Announcement Reference
SG171227OTHRJIHQ
Submitted By (Co./ Ind. Name)
LEE SENG SUAN
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lam Peck Heng as Independent Director, Member of Audit and Remuneration Committees and Chairman of Nominating Committee

Additional Details

Name Of Person
LAM PECK HENG
Age
79
Is effective date of cessation known?
Yes
If yes, please provide the date
24/12/2017
Detailed Reason (s) for cessation
Mr Lam has decided to resign as a director of the Company to allow more time for his personal commitments. He will concurrently cease to be the lead independent director, a member of the Audit and Remuneration Committees and Chairman of Nominating Committee.
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
12/09/2007
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Member of Audit and Remuneration Committees and Chairman of Nominating Committee
Role and responsibilities
Role and responsibilities of a Lead Independent Director, Member of Audit and Remuneration Committees and Chairman of Nominating 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?
Yes
Shareholding Details
1,000,000 ordinary shares
Past (for the last 5 years)
Independent Director of Eratat Lifestyle Limited which had been delisted on 16 June 2017
Present
Non-executive Chairman of I M Quarries Limited which is listed on the National Exchange of Australia