| Announcement of Cessation of Executive Director, Chief Executive Officer | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | CARRIERNET GLOBAL LTD |
| Company Registration No. | 198404341D |
| Announcement submitted on behalf of | CARRIERNET GLOBAL LTD |
| Announcement is submitted with respect to * | CARRIERNET GLOBAL LTD |
| Announcement is submitted by * | Ong Wei Jin |
| Designation * | Company Secretary |
| Date & Time of Broacast | 15-Nov-2009 22:08:59 |
| Announcement No. | 00004 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Chow Tat Ming Henry |
| Age * | 52 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 13/11/2009 |
| Detailed Reason(s) for cessation * | The Company had received a requisition notice dated 8 October 2009 from two shareholders to call for an Extraordinary General Meeting ("EGM") to move resolutions to remove Mr Chow Tat Ming Henry as a director of the Company and to appoint Mr Wong Lock Chee as a director of the Company, both with effect from the date of the EGM. For more information, please refer to announcements made on 16 October 2009 and 4 November 2009. Mr Chow has offered to resign from the Board to avoid the Company having to call the EGM and the consequential disruption of the Company's business. |
| 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 |
| Date of Appointment to current position * | 27/04/2007 |
| Job Title * | Executive Director, Chief Executive Officer |
| Role and responsibilities * | Responsible for driving the Group's vision, growth and profitability. Focused on reshaping the Group's global telecommunications blue print to lead the Company's evolution to a major telecommunication player in the regional VoIP market. Plays a strategic leadership role in executing the business plan; transforming the company's telecom delivery efforts; building strategic partnerships; and leveraging the company's resources and key customer constituencies. |
| 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 resignation) * | 3 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 0 |
| Shareholding in the listed issuer and its subsidiaries * | 68.1 million shares (along with deemed interest) |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Ms Wan Lai Ting (Spouse) Director of subsidiary companies:- (a) CarrierNet Corporation Limited ("CarrierNet") (b) Memphis Telecom Pty Ltd (a subsidiary of CarrierNet) |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | CarrierNet Corp. Ltd. CarrierNet Corporation (Singapore) Pte Ltd |
| Present * | Alton International Ltd. |