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Change - Announcement Of Cessation Of Chief Operating Officer (Engineering And Manufacturing)

BackDec 31, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Dec 31, 2018 12:37
Status New
Announcement Sub Title Cessation of Chief Operating Officer (Engineering and Manufacturing)
Announcement Reference SG181231OTHR0TEU
Submitted By (Co./ Ind. Name) Loh Mun Yew
Designation Chief Executive Officer and Executive Director
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 ("Sponsor"), SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). 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 Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details
Name Of Person Allan Ward
Age 72
Is effective date of cessation known? Yes
If yes, please provide the date 31/12/2018
Detailed Reason (s) for cessation Mr Allan Ward is ceasing his employment with the Company due to retirement.

SAC Capital Private Limited, after having interviewed Mr Allan Ward, is satisfied that other than as disclosed in this announcement, there are no other reasons for the cessation.
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 01/08/2012
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) 3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Operating Officer (Engineering and Manufacturing)
Role and responsibilities Responsible for all the engineering and design for "Eden" products, research and development activities, the Group's manufacturing activities, plant design, machinery evaluation, and ensuring the Group's ISO and design philosophies are not comprised.
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 Mr Allan Ward holds 705,000 ordinary shares in the share capital of the Company.
Past (for the last 5 years) Far East Group Limited
Far East Refrigeration (M) Sdn. Bhd.
Safety Enterprises Sdn. Bhd.
Far East Maju Engineering Works Sdn. Bhd.
Present Nil