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Change - Announcement Of Retirement Of Executive Director
BackApr 12, 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Retirement of Executive Director |
| Securities | FRENCKEN GROUP LIMITED (FRENCKEN) |
| Date & Time of Broadcast | Apr 12, 2016 18:26 |
| Submitted By | Sim Mong Huat Executive Director |
| Description | Retirement of Executive Director |
| Cessation Details | |
| Name of person | Tan Lai Heng |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Apr 28, 2016 |
| Detailed reason(s) for cessation | Mr Tan Lai Heng is retiring under Article 89 of the Company's Constitution and has decided not to offer himself for re-election as a Director at the Annual General Meeting to be held on 28 April 2016. However, Mr Tan will continue to serve as an Executive Director with ETLA Limited, a wholly-owned subsidiary of the Company. |
| 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 | Jul 30, 2009 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 2 |
| Job Title | Executive Director |
| Role and responsibilities | Responsible for managing ETLA Limited and its subsidiaries strategic growth and business. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | Direct Interest in 312,713 and deemed interest in 19,100,000 ordinary shares in Frencken Group Limited. |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present | ETLA Limited ETLA Technology (Wuxi) Co., Ltd. Jason Holdings Limited |