06 Dec 2012
Announcement Of Cessation As Executive Chairman
| Resignation Details | |
| Name Of Person | Allan Yap |
| Age | 57 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 06/12/2012 |
| Detailed Reason(s) for Cessation | Disposal by Hanwell Holdings Limited of all its 29.87% shareholding in the issued share capital of the Company |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 03/12/2003 |
| Job Title | Executive Chairman |
| Role and Responsibilities | Executive Chairman |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 2 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 7 |
| Interest in the listed issuer and its subsidiaries | NIL |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Spouse of Madam Tang Cheuk Chee, Executive Director |
| Other Directorship | |
| Past Directorship (for the last five years) | 1. Neo Telemedia Limited. 2. China Strategic Holdings Limited. 3. MRI Holindgs Limited. 4. Rosedale Hotel Holdings Limited. 5. See Corporation Limited. |
| Present Directorship | 1. Hanwell Holdings Limited. 2. Hanny Holdings Limited. 3. China Enterprises Limited. 4. Burcon Nutrascience Corporation. 5. Tat Seng Packaging Group Ltd. 6. Television Broadcasts Limited. |