Change - Announcement of Cessation::Resignation of Non-Executive Director and Chairman of the Board
Issuer & Securities
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast29-Dec-2016 18:48:37
Announcement Sub TitleResignation of Non-Executive Director and Chairman of the Board
Announcement ReferenceSG161229OTHRJOX1
Submitted By (Co./ Ind. Name)Kenneth Goh
DesignationExecutive Director and Chief Executive Offier
Description (Please provide a detailed description of the event in the box below)This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Additional Details
Name Of PersonSoh Sai Kiang Philip
Is effective date of cessation known?Yes
If yes, please provide the date29/12/2016
Detailed Reason (s) for cessationMr Soh has resigned as the Non-Executive Director and Chairman of the Board to facilitate board renewal as well as to pave way for new leadership of the Company.

The Company's sponsor, ZICO Capital Pte. Ltd., has contacted Mr Soh and based on its enquiries, the Sponsor is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Soh as the Non-Executive Director and Chairman of the Board.
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 position07/06/2004
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)4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Non-Executive Director and Chairman of the Board
Role and responsibilitiesNon-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNone
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding DetailsMr Soh holds an aggregate of 59,799,666 ordinary shares in the capital of the Company ("Shares") and is deemed interested in the 183,057,746 Shares held by Algotech Holdings Ltd where Mr Soh is the sole shareholder.
Past (for the last 5 years)None
PresentAlgotech Holdings Ltd
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