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 |