| Announcement of Cessation of Executive Director and Chief Executive Officer | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | JACKSPEED CORPORATION LIMITED |
| Company Registration No. | 199300300W |
| Announcement submitted on behalf of | JACKSPEED CORPORATION LIMITED |
| Announcement is submitted with respect to * | JACKSPEED CORPORATION LIMITED |
| Announcement is submitted by * | Chua Sze Chyi |
| Designation * | Joint Company Secretary |
| Date & Time of Broacast | 02-Dec-2011 17:22:11 |
| Announcement No. | 00068 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Neo Gim Kiong |
| Age * | 42 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 02/12/2011 |
| Detailed Reason(s) for cessation * | To pursue personal interests and other opportunities. |
| 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 * | 01/08/2009 |
| Job Title * | Executive Director and Chief Executive Officer |
| Role and responsibilities * | Mr Neo is responsible for the overall management of the Group's operations. |
| 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 * | 5 (including this cessation) |
| Shareholding in the listed issuer and its subsidiaries * | 10,000 ordinary shares in Jackspeed Corporation Limited. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil. |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | Jackspeed Aviation Pte Ltd Jackspeed Leather Special Manufacturer (M) Sdn Bhd Jackspeed Singapore Pte Ltd Jackson Vehicle Holdings Pte Ltd Jackspeed Industries Sdn Bhd Index Credit Pte Ltd Index Agency Pte Ltd Strada Automobil Pte Ltd Fico Sports Inc Pte Ltd STAr Technologies Holdings Pte Ltd Advance SCT Limited Jackspeed Australia Pty Ltd Jackspeed Leather Manufacture (Thailand) Co Ltd Jackspeed Leather Special (Thailand) Co Ltd Keen High Mediatech Co Ltd Star-Quest Holdings Pte Ltd |
| Present * | Ban Leong Technologies Limited Dollar Tree Inc Pte Ltd Bizmen Corporation Pte Ltd STAr Technologies Inc Ban Leong Technologies Australia Pty Ltd BLC (China) Limited Audion Innovision Pty Ltd Digital Blue Limited Sky China Petroleum Services Ltd Jackspeed Europe BV |
| Footnotes | The Board would like to place on record the appreciation for Mr Neo's contributions to the Group. Mr Neo's roles and responsibilities will be assumed by Mr Yap Kian Peng, the Chairman and Executive Director. |
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