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Change - Announcement Of Retirement Of An Executive Officer

BackNov 30, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Nov 30, 2018 17:10
Status New
Announcement Sub Title RETIREMENT OF AN EXECUTIVE OFFICER
Announcement Reference SG181130OTHRF3KE
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) Retirement 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 Singapore Exchange Securities Trading Limited (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 Ms Alicia Sun (Telephone no.: (65) 62323210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Additional Details
Name Of Person David Ng Chew Kiat
Age 64
Is effective date of cessation known? Yes
If yes, please provide the date 30/11/2018
Detailed Reason (s) for cessation Retirement.

The Sponsor has contacted Mr Ng and based on their enquiries, is satisfied that other than as disclosed in this announcement, there are no other material reasons for Mr Ng's departure.
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 01/10/2015
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
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Project Director
Role and responsibilities He manages and oversees implementation of the Group's engineering, procurement and construction projects. He is also responsible for the administration and operation of such projects including project finance, project manpower deployment and overall coordination.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) IAQ Engineering (Singapore) Pte. Ltd.

IAQ Facilities Services (Singapore) Pte. Ltd.
Present Nil