| Announcement of Cessation of Non-Executive Chairman | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | NEPTUNE ORIENT LINES LIMITED |
| Company Registration No. | 196800632D |
| Announcement submitted on behalf of | NEPTUNE ORIENT LINES LIMITED |
| Announcement is submitted with respect to * | NEPTUNE ORIENT LINES LIMITED |
| Announcement is submitted by * | Looi Lee Hwa (Ms) & Wong Kim Wah (Ms) |
| Designation * | Company Secretaries |
| Date & Time of Broacast | 11-Apr-2012 19:06:08 |
| Announcement No. | 00204 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Cheng Wai Keung |
| Age * | 61 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 11/04/2012 |
| Detailed Reason(s) for cessation * | Retirement as Non-Executive Chairman |
| 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 * | 22/05/2002 |
| Job Title * | Non-Executive Chairman |
| Role and responsibilities * | 1. Chairman of NOL Executive Committee 2. Chairman of NOL Approval Committee 3. Member of NOL Executive Resource & Compensation Committee 4. Member of NOL Nominating Committee |
| 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) * | 5 Directors (1. Christopher Lau Loke Sam 2. Tan Puay Chiang 3. Jeanette Wong Kai Yuan 4. Low Check Kian 5. Olivier Lim Tse Ghow) |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 3 Directors (Dr Friedbert Malt, Simon Claude Israel and Ronald Dean Widdows) |
| Shareholding in the listed issuer and its subsidiaries * | 2,187,500 ordinary shares in the capital of the Company |
| 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) * | Singapore - Neptune Orient Lines Limited - APL Co. Pte Ltd - APL Logistics Ltd - GP Batteries International Limited - Wing Tai Enterprises Pte Ltd Bermuda - APL (Bermuda) Ltd. - Automar (Bermuda) Ltd. - Media Asia Entertainment Group Limited Hong Kong - United Success International Limited - USI Holdings Limited Malaysia - Sedimas Sdn Bhd - Sri Rampaian Sdn Bhd USA - APL Limited |
| Present * | Singapore - Wing Tai Holdings Limited - Wing Tai Clothing Pte Ltd - Wing Tai Retail Pte Ltd - Wing Tai Land Pte. Ltd. - Wing Tai Property Management Pte Ltd - Suzhou Property Development Pte Ltd - G2000 Apparel (S) Pte Ltd - Foremost Investment Pte Ltd - Wing Sun Development Private Limited - Winlyn Investment Pte Ltd - Winright Investment Pte Ltd - Winbest Investment Pte Ltd - Singapore-Suzhou Township Development Pte Ltd - Kidney Dialysis Foundation Limited - Singbridge International Singapore Pte Ltd - Temasek Holdings (Private) Limited - Singbridge Holdings Pte Ltd - Vintage Cellar Pte Ltd - Wingain Investment Pte Ltd - Chinese Development Assistance Council British Virgin Islands - Avondale Properties Limited Hong Kong - Union Charm Development Limited Malaysia - Wing Tai Malaysia Berhad - Hartamaju Sdn Bhd - DNP Garment Manufacturing Sdn Bhd People's Republic of China - Jiaxin (Suzhou) Property Development Co Ltd - China-Singapore Suzhou Industrial Park Development Group Co. Ltd (CSSIPD) |
| Footnotes | The current AC members are: 1. Christopher Lau Loke Sam 2. Tan Puay Chiang 3. Jeanette Wong Kai Yuan |
© 2012 SGX News
