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

Issuer & Securities

Issuer/ Manager
CITICODE LTD.
Securities
CITICODE LTD. - SG1Q38922098 - 5FH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2019 16:41:45
Status
New
Announcement Sub Title
Resignation of Non-Executive Non-Independent Director
Announcement Reference
SG191231OTHRA5TC
Submitted By (Co./ Ind. Name)
Teh Wing Kwan
Designation
Executive Chairman and Chief Executive Officer
Effective Date and Time of the event
31/12/2019 16:35:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Weng Hua Yu @ Simon Eng as a Non-Executive Non-Independent Director of Citicode Ltd..

Additional Details

Name Of Person
Weng Hua Yu @ Simon Eng
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2019
Detailed Reason (s) for cessation
Mr Eng has resigned as a Non-Executive Non-Independent Director of the Company to focus on his personal commitments. Following the resignation of Mr Eng, he shall cease to be the member of Audit Committee and Remuneration 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
24/07/2018
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Re-designated as Non-Executive Non-Independent Director on 24 July 2018. Was member of Audit Committee and Remuneration Committee.
Role and responsibilities
Non-Executive
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
Mr Eng is deemed interested in 2,196,098,403 shares or 5.31% of the total existing issued capital of the Company.
Past (for the last 5 years)
Metech Recycling (UK) Pte. Ltd. (n.k.a Platon Resources Pte. Ltd.)
Everglory Cooling Systems Pte. Ltd. (n.k.a Goldman Hyte Pte. Ltd.)
Green World Holdings Pte. Ltd.
Greenworld Metals Pte. Ltd. (Struck off)
Everglory Cuprobraze Systems Pte. Ltd. (Struck off)
CNCM Capital Pte. Ltd. (Struck off)
Singalink Business Network(S) Limited (Struck off)
Present
Metech International Ltd
Metech Recycling (S) Pte Ltd
Asiapac Recycling Pte. Ltd.
Belle Forte Limited
Greenspace Enviro Pte Ltd
International Chinese Culture Exchange Federation Limited