News
Announcement Of Cessation As Executive Director Of Subsidiary
BackAug 31, 2010
| Resignation Details | |
| Name Of Person | Yap Hai Yan |
| Age | 60 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 31/08/2010 |
| Detailed Reason(s) for Cessation | To assume the role of a non-executive director following the cessation of business of AE Technol Pte. Ltd. ("AE") |
| 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 | 02/02/2009 |
| Job Title | Executive Director, AE |
| Role and Responsibilities | Overseeing day-to-day operations of AE |
| 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) | 4 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 0 |
| Interest in the listed issuer and its subsidiaries | Direct interest of 1.17% and deemed interest of 43.2% in the share capital of AE |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Other Directorship | |
| Past Directorship (for the last five years) | None |
| Present Directorship | AE Technol Pte. Ltd. Anthem Venture Pte Ltd |
| Other Notes | |
| Footnotes | The Board of Directors of Lion Asiapac Limited (the "Company") wishes to announce that Mdm Yap Hai Yan has on 31 August 2010 stepped down as an Executive Director of AE Technol Pte. Ltd. ("AE") (formerly known as Advent Electronics Pte Ltd), a subsidiary of the Company, following the cessation of business of AE. The Board would like to extend its gratitude and appreciation to Mdm Yap for her services rendered and past contributions. |