Change - Announcement of Cessation::Announcement on retirement of Independent Director who is an Audit Committee Chairman

Issuer & Securities

Issuer/ Manager
MICRO-MECHANICS (HOLDINGS) LTD.
Securities
MICRO-MECHANICS (HOLDINGS) LTD - SG1O09910991 - 5DD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2014 17:43:34
Status
New
Announcement Sub Title
Announcement on retirement of Independent Director who is an Audit Committee Chairman
Announcement Reference
SG141027OTHRO1OQ
Submitted By (Co./ Ind. Name)
Chow Kam Wing
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Name Of Person
Ng Beng Tiong
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2014
Detailed Reason (s) for cessation
Retirement from the Board of Directors at Annual General Meeting pursuant to Article 91 of the Company's Articles of Association.

Mr Ng Beng Tiong has informed the Board of Directors that he did not wish to stand for re-election following his retirement from the Board of Directors at the Annual General Meeting due to work commitments.
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?
Yes
If Yes, Please provide full details
Miss Lai Chin Yee will fill the position of Audit Committee Chairman vacated by Mr Ng Beng Tiong.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
16/05/2003
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.)
Independent Director, Chairman of the Audit Committee, member of the Nominating Committee and member of the Remuneration Committee
Role and responsibilities
Responsibilities as Independent Director, Chairman of the Audit Committee, member of the Nominating Committee and 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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil