Change - Announcement of Cessation::Vacating of the Office by Mr. Colin Ng Teck Sim

Issuer & Securities

Issuer/ Manager

CEI LIMITED

Securities

CEI LIMITED - SG1AI5000004 - AVV

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Cessation

Date & Time of Broadcast

30-Jun-2020 17:56:24

Status

New

Announcement Sub Title

Vacating of the Office by Mr. Colin Ng Teck Sim

Announcement Reference

SG200630OTHRFBZ4

Submitted By (Co./ Ind. Name)

Teo Soon Hock

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Vacating of the Office by Mr. Colin Ng Teck Sim

Additional Details

Name Of Person

Colin Ng Teck Sim

Age

64

Is effective date of cessation known?

Yes

If yes, please provide the date

30/06/2020

Detailed Reason (s) for cessation

The Board of Directors ("the Board") of CEI Limited ("the Company") wishes to announce the vacating of the office by Mr. Colin Ng Teck Sim ("Colin") as from 30 June 2020.

Colin has not been able to attend the Directors' Meetings from January to June 2020 and in the near term, due to medical reasons.

In accordance with the Company's Constitution [Regulation 111(k)], he has vacated his office as Director of the Company, Chairman of Nominating Committee, Member of Board Risk, Audit and Remuneration Committee.

The Board sincerely thank Colin for his valuable guidance and contributions to the growth of the Company. The Board wishes Colin well.

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

01/01/2007

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)

2

Number of cessations of appointments specified in Listing Rule 740(7) or Catalist rule 704 (6) over the past 12 months

0

Job Title (e.g. Lead ID, AC Chairment, AC Memeber etc.)

Independent Director of the Company, Chairman of Nominating Committee, Member of Board Risk, Audit and Remuneration Committee.

Role and responsibilities

Independent Director

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principle subsidiaries

Nil

Shareholding interest in the listed issuer and its subsidiaries?

Yes

Shareholding Details

157,000 shares

Past (for the last 5 years)

Aces Diamond Pte. Ltd.
Sundaram Asset Management Singapore Pte. Ltd.
Venture Works Pte Ltd.
Chancery Estates Pte. Ltd.
CNP Services Pte. Ltd.
CNP Compliance Pte. Ltd.
Linkasia Consult Pte Ltd
SUTL Enterprise Limited

Present

CN (1988) Pte Ltd
B&K Securities Pte. Ltd