| Announcement of Cessation of Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | ELEKTROMOTIVE GROUP LIMITED |
| Company Registration No. | 199407135Z |
| Announcement submitted on behalf of | ELEKTROMOTIVE GROUP LIMITED |
| Announcement is submitted with respect to * | ELEKTROMOTIVE GROUP LIMITED |
| Announcement is submitted by * | Ricky Ang Gee Hing |
| Designation * | Executive Vice Chairman and Managing Director |
| Date & Time of Broacast | 29-Jul-2011 17:52:03 |
| Announcement No. | 00180 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Bob Low Siew Sie |
| Age * | 61 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 29/07/2011 |
| Detailed Reason(s) for cessation * | Mr Bob Low Siew Sie who retired by rotation pursuant to Articles 107 of the Company's Articles of Association at the Annual General Meeting of the Company, did not seek re-election at the Annual General Meeting and has ceased as an Independent Director of the Company. Other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Low as an Independent Director of the Company. |
| 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 * | 16/01/2009 |
| Job Title * | Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees |
| Role and responsibilities * | Non-Executive and Independent Director |
| Does the AC have a minimum of 3 members (taking into account this cessation) * | No |
| Number of Independent Directors currently resident in Singapore (taking into account this resignation) * | 4 |
| 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 * | Mr Low holds 300,000 shares of the Company. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | NA |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | Combine Will International Holdings Ltd - Independent Director Water Tek Treatment Systems Singapore Pte Ltd - Director |
| Present * | BL Corporate Advisory Pte. Ltd. - Director and Company Secretary Firststate Private Limited - Director and Company Secretary Sino-Link Consultants Pte. Ltd. - Director and Company Secretary China Advisory Pte. Ltd. - Managing Director China Hong Cheng Holdings Ltd - Independent Director Bob Low & Co, CPA Singapore - Sole Proprietor Sino Construction Limited - Independent Director Liang Huat Aluminium Ltd - Independent Director Interra Resources Limited - Independent Director |
| Footnotes | This announcement has been reviewed by the Company's sponsor, KW Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this announcement. The details of the contact person for the Sponsor are: - Name: Mr Thomas Lam, Registered Professional Address: 80 Raffles Place, #25-01 UOB Plaza 1, Singapore 048624 Tel: (65) 6238 3377 |
