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Announcement Of Cessation As Independent Director Who Is An Audit Committee Member

BackJul 30, 2013
Resignation Details
Name Of Person Ch'ng Jit Koon
Age 79
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 30/07/2013
Detailed Reason(s) for Cessation Retirement pursuant to Section 153(6) of the Companies Act, Cap. 50.

SAC Capital Private Limited (the "Sponsor") has contacted Mr Ch'ng Jit Koon ("Mr Ch'ng") and based on its enquiries, the Sponsor is statisfied that other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Ch'ng as an Independent Director of the Company.
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 20/12/2002
Job Title Director, Chairman of Remuneration Committee, member of Nominating and Audit and Risk Committees
Role and Responsibilities Independent Director
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) 2
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months 1
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) Please see attach.
Present Directorship Please see attach.
Other Notes
Footnotes This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of 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 details of the contact person for the Company's Sponsor are set out below:
Name: Mr Ong Hwee Li (Registered Professional, SAC Capital Private Limited)
Address: 1 Robinson Road, #21-02 AIA Tower, Singapore 048542
Tel: 6221 5590

Attachments

  1. Attachment 1 (Size: 17,085 bytes)