Change - Announcement of Cessation::Announcement of Retirement of Independent Non-Executive Director
Issuer & Securities
Issuer/ ManagerADDVALUE TECHNOLOGIES LTD
SecuritiesADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast28-Jul-2017 17:53:27
StatusNew
Announcement Sub TitleAnnouncement of Retirement of Independent Non-Executive Director
Announcement ReferenceSG170728OTHRHW0S
Submitted By (Co./ Ind. Name)DR COLIN CHAN KUM LOK
DesignationCHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)Please refer to the details below
Additional Details
Name Of PersonMr Ang Eng Lim
Age62
Is effective date of cessation known?Yes
If yes, please provide the date28/07/2017
Detailed Reason (s) for cessationMr Ang Eng Lim was due to retire by rotation pursuant to Article 104 of the Company s Constitution as an Independent Director at the conclusion of the Annual General Meeting held on 28 July 2017 and did not seek re-election due to other personal commitments. Following his retirement as an Independent Non-Executive Director, he will cease to be member of the Audit Committee and the Nominating Committee, and Chairman of the Remuneration Committee.
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 position13/10/2006
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)1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Independent Non-Executive Director, member of the Audit Committee and the Nominating Committee, and Chairman of the Remuneration Committee.
Role and responsibilitiesIndependent Non-Executive Director, member of the Audit Committee and the Nominating Committee, and Chairman of the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNil
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding Details4,134,186
Past (for the last 5 years)N.A.
PresentN.A.