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| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Director |
| Securities | TIH LIMITED (TIHLTD) TIH LIMITED W170519 (TIHW17) |
| Date & Time of Broadcast | Jun 28, 2016 17:14 |
| Submitted By | Tham Shook Han Company Secretary |
| Description | Please refer to the attachment. |
| Cessation Details | |
| Name of person | Daniel Budiman |
| Age | 49 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jun 28, 2016 |
| Detailed reason(s) for cessation | In future, Mr Daniel Budiman is expected to be involved in the funds managed by TIH Investment Management Pte. Ltd., a wholly owned subsidiary of TIH Limited. For good corporate governance, he will step down as a TIH director with effect from 28 June 2016. |
| 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 | Nov 5, 2012 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 1 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Job Title | Independent Non-Executive Director, NC Chairman, AC Member, Board Investment Committee Member |
| Role and responsibilities | Mr Daniel Budiman was a non-executive and independent director. He undertook the role and responsibilities of the Chairman of the NC, Member of the AC and a member of the Board Investment Committee. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | Please see attached. |
| Present | Please see attached. |
Attachments