Announcement Of Cessation As Non-Executive Director
BackApr 05, 2010
| Resignation Details | |
| Name Of Person | SIA LING SING |
| Age | 66 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 01/04/2010 |
| Detailed Reason(s) for Cessation | MR SIA IS TENDERING HIS RESIGNATION DUE TO THE FOLLOWING REASONS: (1) HE HAS OTHER WORK COMMITMENTS AND IS UNABLE TO DEVOTE SUFFICIENT TIME TO DISCHARGE THE DUTIES AS A DIRECTOR; AND (2) HE CEASED TO BE A SUBSTANTIAL SHAREHOLDER 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 | 01/07/2003 |
| Job Title | NON EXECUTIVE DIRECTOR |
| Role and Responsibilities | MR SIA IS ALSO A MEMBER OF THE NOMINATING COMMITTEE (NC). AS A MEMBER OF THE NC, HIS ROLE AND RESPONSIBILITIES INCLUDE: (1) IDENTIFICATION AND SELECTION OF NEW DIRECTORS; (2) MAKE RECOMMENDATIONS TO THE BOARD ON ALL BOARD APPOINTMENTS; (3) REVIEWS ALL NOMINATIONS HAVING REGARD TO DIRECTORS CONTRIBUTIONS AND PAST PERFORMANCE; (4) TO ASSESS EFFECTIVENESS OF THE BOARD AS A WHOLE; AND (5) DETERMINES ANNUALLY WHETHER OR NOT A DIRECTOR IS INDEPENDENT |
| 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) | 3 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 3 |
| Interest in the listed issuer and its subsidiaries | MR SIA HAS A 3.75% DIRECT INTEREST AND 0.26% DEEMED INTEREST IN HG METAL MANUFACTURING LIMITED AS OF DATE OF THIS ANNOUNCEMENT |
| 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) | HG METAL MANUFACTURING LIMITED SENTOSA PERKASA PTE LTD SENTEX (CHINA) LTD |
| Present Directorship | BESTWIN MARINE PTE LTD LINGCO HOLDINGS PTE LTD LINGCO MARINE PTE LTD LINGCO MARINE SERVICES PTE LTD LINGCO SHIPBUILDING PTE LTD LINGCO UNITED SHIPPING PTE LTD LINGCOTUG PTE LTD SEAMAN MARINE PTE LTD SUPER MARINE SUPPLIES PTE LTD BRC ASIA LIMITED KIM LEONG DEVELOPMENT PTE LTD UNITED LAND & TRADING PTE LTD |