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Change - Announcement Of Retirement Of Chief Executive Officer And Executive Director

BackJan 31, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 31, 2018 18:24
Status New
Announcement Sub Title RETIREMENT OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Announcement Reference SG180131OTHR5MOQ
Submitted By (Co./ Ind. Name) FOO CHEW TUCK
Designation EXECUTIVE CHAIRMAN
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, CIMB Bank Berhad, Singapore Branch (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 independently 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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Tan Cher Ting, Director, Investment Banking, CIMB Bank Berhad, Singapore Branch, at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone (65) 6337 5115.
Additional Details
Name Of Person Tan Lian Huat
Age 65
Is effective date of cessation known? Yes
If yes, please provide the date 31/03/2018
Detailed Reason (s) for cessation Mr Tan Lian Huat is retiring and will relinquish all his appointments within the Group. He will step down as a director of the Company and will also cease to be a director of the Company's various subsidiaries and associated companies. Based on its enquiries, the Company's Sponsor, CIMB Bank Berhad, Singapore Branch, is satisfied that save as disclosed in this announcement, there is no other material reason for the cessation of appointment of Mr Tan Lian Huat.
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 09/09/2007
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) 2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Executive Officer and Executive Director
Role and responsibilities Responsible for the daily management and operations of the Group as well as oversees its strategies and growth.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 1,020,000
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