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

BackApr 27, 2009
Resignation Details
Name Of Person Chen Wei Ching, Vincent
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 devote more time for family and voluntary activities
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 01/09/2004
Job Title Independent Director
Role and Responsibilities (i) Chairman of Remuneration Committee
(ii) Member of Audit Committee
(iii) Member of Nominating 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 (i) 1,000,000 Ordinary shares
(ii) 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) Sing Lun Holdings Limited
Present Directorship Transpac Industrial Holdings Limited
Chen Holdings Private Limited
Pauline Estates Private Limited
Sino-Malayan Engineers Private Limited
Foundation of Rotary Clubs (Singapore) Ltd
Other Notes
Footnotes An announcement in respect of the reconstitution of the various Committees will be made later.