Change - Announcement of Cessation::Cessation of a manager who is a relative of a director, CEO or substantial shareholder

Issuer & Securities

Issuer/ Manager
HEATEC JIETONG HOLDINGS LTD.
Securities
HEATEC JIETONG HOLDINGS LTD. - SG1Y31945526 - 5OR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jan-2017 05:54:26
Status
New
Announcement Sub Title
Cessation of a manager who is a relative of a director, CEO or substantial shareholder
Announcement Reference
SG170105OTHR8VRP
Submitted By (Co./ Ind. Name)
Soon Jeffrey
Designation
Chief Executive Officer
Effective Date and Time of the event
05/01/2017 00:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Kuah Hong Hock as the Sales and Business Development Manager of Heatec Jietong Pte. Ltd., a wholly-owned subsidiary of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("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 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 Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Kuah Hong Hock
Age
36
Is effective date of cessation known?
Yes
If yes, please provide the date
06/01/2017
Detailed Reason (s) for cessation
Resigned to pursue other business opportunities.

Based on its enquiries, the Company's sponsor, ZICO Capital Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Kuah Hong Hock as the Sales and Business Development Manager of Heatec Jietong Pte. Ltd., a wholly-owned subsidiary 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
02/03/2015
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.)
Sales & Business Development Manager
Role and responsibilities
Mr Kuah Hong Hock is responsible for the sales activities of Heatec Jietong Pte. Ltd., as well as the ad-hoc research initiative and business development.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son-in-law of Mr Soon Yeow Kwee Johnny, a substantial shareholder of the Company; Brother-in-law of Mr Soon Jeffrey, the Executive Director and Chief Executive Officer of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
100,000 ordinary shares in the Company
Past (for the last 5 years)
Nil
Present
Nil