26 May 2017
Change - Announcement Of Resignation As Chief Executive Officer ("CEO")
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 26, 2017 22:17 |
| Status | New |
| Announcement Sub Title | Resignation as Chief Executive Officer ("CEO") |
| Announcement Reference | SG170526OTHRRQL2 |
| Submitted By (Co./ Ind. Name) | Josephine Toh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of CEO. |
| Additional Details | |
| Name Of Person | Hoon Wee Teng, Will |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/05/2017 |
| Detailed Reason (s) for cessation | To pursue personal interest. |
| 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 | 01/01/2016 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | CEO |
| Role and responsibilities | As per job title. |
| 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? | No |
| Past (for the last 5 years) | 1) Bahia Specialty Cellulose S.A. 2) Norcell S.A. 3) Sateri (Fujian) Fiber Co., Ltd. 4) Sateri (Hong Kong) Management Limited 5) Sateri (Jiangxi) Chemical Fiber Co., Ltd. 6) Sateri (Shanghai) Management Limited 7) Sateri Bacell Limited 8) Sateri China (Hong Kong) Limited 9) Sateri China Investment Limited 10) Sateri Copener Limited 11) Sateri Forestry (Chongqing) Co., Ltd. 12) Sateri Holdings Limited 13) Sateri International (Singapore) Pte Ltd 14) Sateri International Co. Ltd. 15) Sateri Marketing International Limited 16) Sateri Specialty Cellulose Limited 17) SC International Macao Commercial Offshore Limited 18) SC Marketing Limited 19) Specialty Cellulose Marketing Pte. Ltd. |
| Present | 1) Intraco International Pte. Ltd. 2) Intraco Foods Pte Ltd 3) Intraco Trading Pte Ltd 4) Intrawave Pte Ltd 5) K. A. Building Construction Pte Ltd 6) K. A. Fabric Shutters Pte. Ltd. 7) K. A. Firelite Pte. Ltd. 8) K. A. Fireproofing Pte. Ltd. 9) K. A. Group Holdings Pte. Ltd. 10) K. A. Vermiculite Spray Sdn. Bhd. 11) Tat Hong Intraco Heavy Equipment Co. Limited 12) Tat Hong Intraco Pte. Ltd. 13) Dynamic Colours Limited 14) Bright Shrewd Holdings Limited 15) Intraco International (Shanghai) Company Limited - Legal Representative |