Elektromotive Group Limited

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    Change - Announcement Of Retirement Of Prof. Ling Chung Yee Roy, Independent Director

    BackJul 31, 2018
    Announcement Title Change - Announcement of Cessation
    Date & Time of Broadcast Jul 31, 2018 17:46
    Status New
    Announcement Reference SG180731OTHRVC7J
    Submitted By (Co./ Ind. Name) Ng Kai Man
    Designation Executive Director
    Description (Please provide a detailed description of the event in the box below) Announcement of Retirement of Director.

    This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

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

    The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).
    Additional Details
    Name Of Person Ling Chung Yee Roy
    Age 41
    Is effective date of cessation known? Yes
    If yes, please provide the date 31/07/2018
    Detailed Reason (s) for cessation Prof. Roy Ling has retired as an Independent Director of the Company after the conclusion of the Annual General Meeting to facilitate a reduction in the size of the Board. Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, other than disclosed in this announcement, there are no material reasons for the retirement of Prof. Roy Ling as an Independent Director of the Company.
    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 14/02/2013
    Does the AC have a minimum of 3 members (taking into account this cessation)? No
    Number of Independent Directors currently resident in Singapore (taking into account this cessation) 3
    Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 1
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Director, Chairman of the Renumeration Committee and Member of the Audit Committee.
    Role and responsibilities To perform the functions of Independent Director and fulfilling duties and responsibilities as the Chairman of the Renumeration Committee and a member of the Audit Committee.
    Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
    Shareholding interest in the listed issuer and its subsidiaries? Yes
    Shareholding Details Held 3,000,000 ordinary shares and options to purchase 6,000,000 ordinary shares
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