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Change - Announcement Of Cessation Of Independent Non-Executive Director

BackApr 24, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 24, 2018 22:12
Status New
Announcement Sub Title Cessation of Independent Non-Executive Director
Announcement Reference SG180424OTHR27FY
Submitted By (Co./ Ind. Name) Mr Tan Henry @ Henn Tan
Designation Chairman, Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below) Cessation of Independent Non-Executive Director.
Additional Details
Name Of Person Neo Gim Kiong
Age 48
Is effective date of cessation known? Yes
If yes, please provide the date 24/04/2018
Detailed Reason (s) for cessation Mr Neo Gim Kiong was not re-elected as Director pursuant to Article 108 of the Company's Constitution and ceased as an Independent Non-Executive Director of the Company at the conclusion of the Company's Annual General Meeting held on 24 April 2018.
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? Yes
If Yes, Please provide full details Difference in opinion with certain board member over the process involving the RSM Corporate Advisory Pte Ltd's report
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 24/07/2017
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) 4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Non-Executive Director, Chairman of the Risk Review Committee and a member of the Audit Committee
Role and responsibilities Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) Audion Innovision Pty Ltd;

Universal Resource and Services Limited; and

Digital Blue Pty Ltd.
Present Dollar Tree Inc Pte Ltd;

Bizmen Corporation Pte Ltd;

BLC (China) Ltd;

Ban Leong Technologies Limited;

International Press Softcom Limited;

AV Labs International Pte Ltd;

Gifted and Talented Education Pte Ltd;

Ban Leong Technologies Australia Pty Ltd;

Astaka Holdings Limited;

Sen Yue Holdings Limited;

PNE Micron Engineering Pte Ltd;

PNE-SINO Pte Ltd;

PNE Resources Pte Ltd;

PNE Micron Engineering Sdn Bhd;

CED System Sdn Bhd;

PNE Micron (Kuala Lumpur) Sdn Bhd;

Hong Nam Industry (M) Sdn Bhd;

PNE Marvellous Sdn Bhd;

Macore Technology (M) Sdn Bhd;

PNE Precision Sdn Bhd;

SMC Industrial (UK) Co Ltd; and

SMC Industrial (HK) Limited.