Sapphire Corporation Ltd



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Change - Announcement Of Cessation Of Non-Executive And Non-Independent Director

BackApr 26, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 26, 2017 19:45
Status New
Announcement Reference SG170426OTHRTO4E
Submitted By (Co./ Ind. Name) Gwendolyn Gn Jong Yuh
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR
Additional Details
Age 64
Is effective date of cessation known? Yes
If yes, please provide the date 26/04/2017
Detailed Reason (s) for cessation Mr Teo Cheng Kwee ("Mr Teo") had retired pursuant to Regulation 89 of the Company's Constitution. Mr Teo had decided not to seek for re-election as a Non-Executive and Non-Independent Director of the Company.
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 03/10/2013
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.) Non-Executive and Non-Independent Director
Role and responsibilities Non-Executive and Non-Independent Director
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 2,384,095 Direct Interest;

290,041 Deemed Interest (Mr Teo Cheng Kwee is
deemed interested in 290,041 shares held by his
spouse, Mdm Goh Teng Sim.)
Past (for the last 5 years) 1. Sapphire Mineral Resources Pte. Ltd.
2. Industrial Contracts Marketing (2001) Pte. Ltd.
3. New Equatorial Investments Pte. Ltd.
4. Kings Park Resources Pte. Ltd.
5. United Asia Development Pte. Ltd.
6. China Vanadium Titano-Magnetite Mining Company
Present 1. Sapphire Construction & Development Pte. Ltd
2. Emerging Towns and Cities Singapore Ltd (F.k.a
Cedar Strategic Holdings Limited)
3. DAS Pte Ltd
4. Sebuku Nusantara Holdings Pte Ltd
5 Sebuku Nusantara Pte Ltd
6. Sebuku Sandalwood Pte Ltd
7. TMS Alliances Pte Ltd
8. Uni Global Power Holdings Pte Ltd
9. Uni Global Power Investments Pte Ltd
10. Tudor Jaya Sdn Bhd