|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Jan 20, 2017 18:57|
|Announcement Sub Title||Cessation of Independent Director|
|Submitted By (Co./ Ind. Name)||Ong Beng Hong|
|Description (Please provide a detailed description of the event in the box below)||Upon the cessation of Mr Choo Yong Fee as a director of the Company, he will relinquish his positions as Independent Director, Chairman of the Remuneration Committee and a member of each of the Audit Committee and Nominating Committee. The Nominating Committee and the Board is in the process of identifying and appointing a new Independent Director. Once an appropriate candidate is identified and appointed, the necessary announcement(s) relating to such appointment as well as the reconstitution of the Board Committees will be made.|
|Name Of Person||Choo Yong Fee|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||20/01/2017|
|Detailed Reason (s) for cessation||I am 68 years old and am planning to reduce my business and work activities and begin the process of retirement.|
|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||01/02/2012|
|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)||1|
|Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months||2|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Independent Director, Member of the Audit Committee, Chairman of the Remuneration Committee and Member of the Nominating 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||None|
|Shareholding interest in the listed issuer and its subsidiaries?||Yes|
|Shareholding Details||Direct interest in 250,000 ordinary shares|
|Past (for the last 5 years)||Hospital & Lab Furniture Pte Ltd
Kesavan Investments Pte. Ltd.
|Present||Cheng Meng Furniture Company (Private) Limited
CM Ming Pte. Ltd.
Cheng Meng Investment Pte. Ltd.
Cheng Meng Holdings Pte Ltd
Tang Woodcraft Pte. Ltd.
Contract Interior Inc. Pte. Ltd.
Cabas International Pte Ltd
SFIC Institute Pte. Ltd.