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Change - Announcement Of Resignation Of An Executive Officer

BackMay 12, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast May 12, 2017 18:03
Status New
Announcement Reference SG170512OTHR9CFK
Submitted By (Co./ Ind. Name) Lim Say Chin
Designation Executive Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below) Resignation of an Executive Officer.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor") for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 contact person for the Sponsor is Ong Hwee Li (Telephone no.: (65) 65323829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. SAC Capital Private Limited is the parent company of SAC Advisors Private Limited.
Additional Details
Name Of Person Ng Boon Lee
Age 55
Is effective date of cessation known? Yes
If yes, please provide the date 15/05/2017
Detailed Reason (s) for cessation To pursue other career opportunities.

The Company's sponsor, SAC Capital Private Limited, has contacted Mr Ng Boon Lee and based on their enquiries, is satisfied that other than as disclosed in this announcement, there are no other material reasons for Mr Ng Boon Lee's resignation.
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 01/09/2015
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Engineering Director
Role and responsibilities Leads and manages the Group's team of engineers and designers to provide engineering design and support, technical proposals, drawings and render technical advice and assistance to the Group's project teams to execute testing and commissioning duties for projects. With Mr Ng Boon Lee's resignation, the aforesaid responsibilities will be overseen by the Managing Director of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) Nil
Present Nil