30 Sep 2008

Announcement Of Cessation As Executive Director

Resignation Details
Age 53
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 26/09/2008
Detailed Reason(s) for Cessation Following the completion of the Acquisition, new Board of Directors and senior management team were appointed. Please refer to the Circular dated 4 September 2008 for further details.
Is there any difference of opinion on material matters between the person and the Board of directors? No
If yes, please elaborate NA
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
If yes, please elaborate NA
Any other relevant information to be provided to shareholders of the listed issuer? No
If yes, please elaborate NA
Date of Appointment to current position 20/12/1991
Job Title Executive Chairman and Managing Director
Role and Responsibilities Overall management of the Company.
Does the AC have a minimum of 3 members (taking into account this resignation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 2
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months 6 (including all cessations on 26 September 2008)
Shareholding in the listed issuer and its subsidiaries Direct interest of 25,208,000 shares and deemed interest of 20,792,000 shares through Mdm Yeo Sock Kon (spouse of Mr Lim Hong Ching).
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries No.
Other Directorship
Past Directorship (for the last five years) Nil
Present Directorship Showy Overseas Pte. Ltd.
Showy Private Limited