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

BackApr 27, 2009
Resignation Details
Name Of Person Lee Beng Cheng, Billy
Age 61
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 27/04/2009
Detailed Reason(s) for Cessation (i) Did not seek for re-election as director at the annual general meeting
(ii) To pursue other personal interests
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 27/04/2004
Job Title Independent Director
Role and Responsibilities (i) Chairman of Nominating Committee
(ii) Member of Audit Committee
(iii) Member of Remuneration Committee
Does the AC have a minimum of 3 members (taking into account this resignation)? 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) over the past 12 months None
Interest in the listed issuer and its subsidiaries 900,000 Share Options
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Other Directorship
Past Directorship (for the last five years) Singapore Offshore Petroleum Services Pte Ltd
Present Directorship K S Energy Services Limited
Chuan Hup Offshore Ltd
Sky China Petroleum Services Ltd
T S Lee & Sons Pte Ltd
Yinnru Investments Pte Ltd
Asian Buddhist Film Festival Pte Ltd
Other Notes
Footnotes An announcement in respect of the reconstitution of the various Committees will be made later.