News
Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
BackDec 21, 2012
| Resignation Details | |
| Name Of Person | Chen Wei Ching (Vincent) |
| Age | 64 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 31/12/2012 |
| Detailed Reason(s) for Cessation | Mr Chen is resigning for pesonal reasons - he wishes to substantially reduce his work commitments as he turns 65 soon. |
| 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 | 01/10/2003 |
| Job Title | Lead ID, AC Chairman, NC Chairman and RC Member |
| Role and Responsibilities | Mr Chen was a non-executive and independent director. He undertook the role and responsibilities of the Lead Independent Director, Chairman of the AC, Chairman of the NC and a member of the RC. |
| 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) | 1 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 0 |
| Shareholding in the listed issuer and its subsidiaries | Direct : 180,000 shares Deemed: 200,000 shares |
| 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) | Mirach Energy Ltd - resigned in Apr 2009 Sing Lun Holdings Ltd - resigned in Jul 2008 as company was being privatized |
| Present Directorship | Chen Holdings Pte Ltd Pauline Estates (Private) Ltd Prime Asia Inc Sino-Malayan Engineers Pte Ltd ARA Trust Management (Suntec) Ltd - manager of Suntec REIT United Fiber System Ltd Mount Alvernia Hospital |