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Change - Announcement Of Resignation Of Chairman, Non-Executive Non-Independent Director And Nominating Committee Member

BackAug 10, 2016
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Resignation of Chairman, Non-Executive Non-Independent Director and Nominating Committee Member
Securities FRENCKEN GROUP LIMITED (FRENCKEN)
Date & Time of Broadcast Aug 10, 2016 17:15
Submitted By Mohamad Anwar Au
Executive Director
Description Resignation of Chairman, Non-Executive Non-Independent Director and Nominating Committee Member
Cessation Details
Name of person Tan Sri Larry Low Hock Peng
Age 64
Is effective date of cessation known? Yes
Effective date for cessation Aug 10, 2016
Detailed reason(s) for cessation Medical Reason
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 20, 2000
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 Chairman, Non-Executive Non-Independent Director, NC Member
Role and responsibilities Fulfilling the duties, roles and responsibilities as a Chairman, Non-Executive Non-Independent Director and a member of the Nominating Committee.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Yes. Tan Sri Larry Low Hock Peng is the brother of Mr. Low Heang Thong, a substantial shareholder of Frencken Group Limited.
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details 200,000 ordinary shares (Direct interest)
42,059,094 ordinary shares (Deemed interest)
Other directorships
Past (for the last 5 years) Meng Tak Corporation Sdn Bhd
Present Precico Group Sdn. Bhd.
Coswell Corporation
Coswell International Limited
Golden Bay Holding Sdn. Bhd.
Goldenmark Limited
Impressive Tone Sdn. Bhd.
Ribuan Wangsa Sdn. Bhd.
Wonder Bay Sdn. Bhd.
Strategic Equities Ltd
Casa Rialto Sdn. Bhd.
Eudayasco Sdn. Bhd.
PLB-Wonder Bay Development Sdn. Bhd.