Change - Announcement of Cessation::Cessation as an 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-2016 19:21:17
StatusNew
Announcement Sub TitleCessation as an Executive Director
Announcement ReferenceSG160728OTHRN1S8
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 PersonTan Juay Hwa
Age57
Is effective date of cessation known?Yes
If yes, please provide the date28/07/2016
Detailed Reason (s) for cessationMr Tan Juay Hwa had not sought for re-election as Director of Addvalue Technologies Ltd at the AGM on 28 July 2016.
Mr Tan shall remain as a Key Executive of the Group.
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 position17/06/1996
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)2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Executive Director
Role and responsibilitiesHis primary focus was on project management and firmware development for satellite communication products
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNo
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding Details5,131,720 ordinary shares in Addvalue Technologies Ltd
Past (for the last 5 years)Nil
PresentAddvalue Communications Pte Ltd