| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | RETIREMENT OF INDEPENDENT DIRECTOR |
| Securities | OLD CHANG KEE LTD. (OCK) |
| Date & Time of Broadcast | Jul 28, 2015 17:32 |
| Submitted By | LIM TAO-E WILLIAM CHIEF EXECUTIVE OFFICER |
| Description | RETIREMENT OF INDEPENDENT DIRECTOR FOLLOWING THE CONCLUSION OF THE ANNUAL GENERAL MEETING. This Announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "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 Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088. |
| Cessation Details | |
| Name of person | WONG MING KWONG |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jul 28, 2015 |
| Detailed reason(s) for cessation | Retirement, with a view to refresh the Board. Based on its enquires, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the retirement of Mr Wong Ming Kwong 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 | Jul 22, 2010 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | Independent Director, Chairman of Remuneration Committee and a member of Audit Committee and Nominating Committee. |
| Role and responsibilities | Independent Director, Chairman of Remuneration Committee and a member of Audit Committee and Nominating Committee. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | NIL |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | EDC@ASME Pte. Ltd. Association of Small and Medium Enterprises (ASME) Key Elements Enterprise Pte. Ltd. Kitchen Agenda Pte. Ltd. Hotel Culture Pte. Ltd. The Boss Publishing Pte. Ltd. Mary Chia Holdings Limited China Fashion Holdings Limited Natural Cool Holdings Limited |
| Present | Key Elements Consulting Pte. Ltd. A List Capital Pte. Ltd. Restyle 360 Pte. Ltd. Premium 360 Pte. Ltd. Premium Selection Pte. Ltd. Tomonari Pte. Ltd. Wellquest Investment Pte. Ltd. Wismore Investment Pte. Ltd. Food Agenda Pte. Ltd. ITE Electric Systems Co Pte Ltd ITE Lumens Pte Ltd Goodland Group Limited ITE Electric Co Ltd |