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Change - Announcement Of Cessation As Executive Director
BackNov 30, 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | CESSATION AS EXECUTIVE DIRECTOR |
| Securities | NATURAL COOL HOLDINGS LIMITED (NATCOOL) |
| Date & Time of Broadcast | Nov 30, 2015 17:36 |
| Submitted By | Leaw Wei Siang Company Secretary |
| Description | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088. |
| Cessation Details | |
| Name of person | Chia Puay Hwee |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Nov 30, 2015 |
| Detailed reason(s) for cessation | Pursuant to the terms of the sale and purchase agreement entered into between the Company and Nitto Kogyo Corporation in relation to the sale by the Company of Gathergates Group Pte. Ltd. |
| 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 1, 2012 |
| 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 | 0 |
| Job Title | Executive Director |
| Role and responsibilities | He is responsible for the overall performance of the group's switchgear division. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Mr Chia Puay Hwee is the brother-in-law of Mr Joseph Ang Choon Cheng and Mr Eric Ang Choon Beng. |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | Mr Chia Puay Hwee has a direct interest in 10,214,000 ordinary shares of the Company, and deemed interest in 1,000 ordinary shares of the Company. Mr Chia Puay Hwee is deemed to be interested in the 1,000 ordinary shares held by his spouse, Mdm Ang Siew Khim. |
| Other directorships | |
| Past (for the last 5 years) | Titans Power System Pte. Ltd. Titans Power Holding Pte. Ltd. Kent Survey Management Pte. Ltd. (f.k.a. Ecube Electric Pte. Ltd.) |
| Present | Gathergates Switchgear Pte. Ltd. Gathergates Group Pte. Ltd. Lorentz Asia Pte. Ltd. |
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