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Change - Announcement Of Resignation Of Executive Director

BackApr 28, 2016
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Resignation of Executive Director
Date & Time of Broadcast Apr 28, 2016 17:13
Submitted By Toon Choi Fan
Company Secretary
Description Resignation of Executive Director
Cessation Details
Name of person Sim Mong Huat
Age 54
Is effective date of cessation known? Yes
Effective date for cessation Apr 28, 2016
Detailed reason(s) for cessation Due to an internal restructuring of the management of the Group, Mr Sim Mong Huat had resigned as Executive Director of the Company and he will continue to serve as an Executive Director with the Company's wholly-owned subsidiaries, ETLA Limited, ETLA Technology (Wuxi) Co., Ltd. and Frencken Mechatronics (M) Sdn. Bhd.
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 3
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 767,000 ordinary shares in Frencken Group Limited
Other directorships
Past (for the last 5 years) Nil
Present ETLA Limited
ETLA Technology (Wuxi) Co., Ltd.
Frencken Mechatronics (M) Sdn. Bhd.
NYP Ventures Pte. Ltd.