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Change - Announcement Of Cessation Of Independent Director

BackJan 20, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 20, 2017 18:57
Status New
Announcement Sub Title Cessation of Independent Director
Announcement Reference SG170120OTHR2XJ7
Submitted By (Co./ Ind. Name) Ong Beng Hong
Designation Company Secretary
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.
Additional Details
Name Of Person Choo Yong Fee
Age 68
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.

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