This printed article is located at http://stamfordland.listedcompany.com/news.html
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 31, 2017 17:24 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Non-Executive Director |
| Announcement Reference | SG170531OTHRKSOF |
| Submitted By (Co./ Ind. Name) | Lee Li Huang |
| Designation | Chief Financial Officer and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr. Douglas Owen Chester as Independent Non-Executive Director and Lead Independent Director, Chairman of Audit and Risk Management Committee and Member of Remuneration Committee |
| Additional Details | |
| Name Of Person | Douglas Owen Chester |
| Age | 64 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/05/2017 |
| Detailed Reason (s) for cessation | Due to other commitments |
| 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 | 25/07/2013 |
| 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) | 1 |
| 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.) | Independent Non-Executive Director and Lead Independent Director, Chairman of Audit and Risk Management Committee and Member of Remuneration Committee |
| Role and responsibilities | Assumed the roles and responsibilities of an Independent Non-Executive Director and Lead Independent Director, Chairman of Audit and Risk Management Committee and Member of Remuneration Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | None |
| Present | Kim Heng Offshore & Marine Holdings Limited CIVMEC Limited |