| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 8, 2017 18:43 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF INDEPENDENT DIRECTOR |
| Announcement Reference | SG170608OTHRSSGU |
| Submitted By (Co./ Ind. Name) | Lim Poh Choo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Ng Ser Miang ("Mr Ng") as an Independent Director. Upon resignation as the Independent Director, Mr Ng ceased to be the Chairman of the Nominating Committee and Member of the Risk Management Committee. |
| Additional Details | |
| Name Of Person | Ng Ser Miang |
| Age | 68 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 06/06/2017 |
| Detailed Reason (s) for cessation | Mr Ng resigned as an Independent Director for his personal reason. The Company expresses its gratitude to Mr Ng for his valuable contributions to the Company during his tenure of service. |
| 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 | 11/05/2006 |
| 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 cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Nominating Committee and Member of the Risk Management Committee |
| Role and responsibilities | Assumed the roles and responsibilities of an Independent Director, Chairman of the Nominating Committee and Member of the Risk Management Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | As at the date of this announcement, Mr Ng Ser Miang holds 705,000 ordinary shares of the Company. |
| Past (for the last 5 years) | 1) NTUC Fairprice Co-operative Limited 2) NTUC FairPrice Foundation Ltd 3) Singapore Press Holdings Limited 4) Fundacion Valencia Club De Futbol De La C.V. |
| Present | 1) HGM Holdings Pte Ltd 2) Magic Dragon Media Pte Ltd 3) NCI Golf Pte Ltd 4) OMS Distripark Pte Ltd 5) Orchid Marine Services Private Limited 6) Rowsley Ltd 7) Singapore Olympic Foundation 8) TIBS International Pte Ltd 9) Valencia Club De Futbol, S.A.D. |