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Announcement Of Cessation As Chief Financial Officer
BackNov 13, 2009
| Resignation Details | |
| Name Of Person | Chu Siu Yin Michael |
| Age | 56 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 12/11/2009 |
| Detailed Reason(s) for Cessation | Mr Michael Chu Siu Yin will remain as Executive Director of the Company further to his stepping down as Chief Financial Officer. Mr Chu will devote more time in assisting the Chief Executive Officer to implement and execute the strategic business plans and corporate exercise for long-term business expansion of the Group. It was also part of the Company's succession planning to have Mr Lee Keng Mun to take over the duties of Chief Financial Officer as the Company may deem appropriate. |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 06/07/2006 |
| Job Title | Executive Director and Chief Financial Officer |
| Role and Responsibilities | To oversee the accounting and finance matters, human resource and administration as well as corporate relations of the Group. |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | 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) over the past 12 months | 0 |
| Shareholding in the listed issuer and its subsidiaries | Nil |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorship | |
| Past Directorship (for the last five years) | Geochemistry Research Limited Pure New Zealand Ltd. Tasman Extracts Limited Waste INternational Limited Eastech Systems Ltd Festerville Pte. Ltd. |
| Present Directorship | Asia-Pacific Strategic Investments Limited Asia Memorial Parks Limited China Century Ltd. CSI Ltd. Eastech Systems (S'pore) Pte. Ltd. Reverglade Holdings Ltd. The Machine People (Pte.) Ltd |
| Other Notes | |
| Footnotes | Mr Chu has confirmed that: (a) He has had no concerns with regards to the financial reporting matters of the Company; and (b) He has had no disagreements with the Company with regards to practices that would have an impact on the Company's financial reporting. The Company's Sponsor, Stamford Corporate Services Pte Ltd, is satisfied that, otherwise than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Chu. This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange 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 Mr Yap Lian Seng Telephone number: 6389 3000 Email: lianseng.yap@stamfordlaw.com.sg |