Change - Announcement of Cessation::Announcement of Cessation of Non-Executive & Independent Director

Issuer & Securities

Issuer/ Manager
SERIAL SYSTEM LTD
Securities
SERIAL SYSTEM LTD - SG1E36851343 - S69
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2016 17:44:24
Status
New
Announcement Sub Title
Announcement of Cessation of Non-Executive & Independent Director
Announcement Reference
SG161230OTHRRQNW
Submitted By (Co./ Ind. Name)
Alex Wui Heck Koon
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lee Teck Leng Robson as Non-Executive and Independent Director of Serial System Ltd

Additional Details

Name Of Person
Lee Teck Leng Robson
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2016
Detailed Reason (s) for cessation
Mr Lee has served the Board for more than 10 years as independent director of the Company and is stepping down as part of the corporate governance best practice for board renewal.
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
30/12/2002
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)
2
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.)
Chairman of the Nominating Committee and a member of the Audit Committee, Remuneration Committee and Serial System Employee Share Option Scheme 2014
Role and responsibilities
Fulfilling duties and responsibilities as Chairman of the Nominating Committee and a member of the Audit Committee ,Remuneration Committee and Serial System Employee Share Option Scheme 2014
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)
Serial System Ltd
Matex International Limited
Sim Lian Group Limited
OKH Global Ltd
Man Wah Holdings Ltd
Youcan Foods International Ltd
Youyue International Limited
Best World International Ltd
Present
Sheng Siong Group Ltd


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