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Change - Announcement Of Retirement Of Group Chief Financial Officer

BackOct 10, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 10, 2017 19:51
Status Replace
Announcement Sub Title Retirement of Group Chief Financial Officer
Announcement Reference SG171010OTHR5UDP
Submitted By (Co./ Ind. Name) Alvin Kok
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Retirement of Group Chief Financial Officer
Additional Details
Name Of Person Loh Kai Keong
Age 64
Is effective date of cessation known? Yes
If yes, please provide the date 10/01/2018
Detailed Reason (s) for cessation Mr Loh Kai Keong is retiring after having served 15 years as Group Chief Financial Officer.

The Board of Directors would like to extend its gratitude and appreciation to Mr Loh for his unwavering commitment, leadership and contributions to Boustead and its group of companies since he joined in 1999. Under Mr Loh's financial stewardship, Boustead has achieved record financial performance and respectable corporate governance standards.
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? Yes
If Yes, Please provide full details Mr Loh has agreed to remain as a Non-Executive Director following his retirement as Group Chief Financial Officer and he will be retained as a consultant to ensure a smooth transition.

The Finance team of the Company will assume Mr Loh's duties to ensure continued smooth running of the Finance function of the Company following the retirement of Mr Loh.
Date of Appointment to current position 01/06/2002
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
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director and Group Chief Financial Officer
Role and responsibilities Responsible for the Group's financial functions, including accounting, financial and management reporting, taxation, internal controls and risk management, as well as corporate secretarial.
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 Boustead Singapore Limited - 500,633 shares
Boustead Projects Limited - 183,189 shares
Past (for the last 5 years) Boustead Crescendas Holdings Pte. Ltd.
Boustead Crescendas Management Pte. Ltd.
Boustead Crescendas Property Management Pte. Ltd.
Boustead International Steam Generators Pte. Ltd.
Boustead-Lamara-One North Pte. Ltd.
Boustead-REI Holdings Pte. Ltd.
Boustead Salcon Technologies Pte. Ltd.
Boustead Salcon Utilities Pte. Ltd.
Boustead Solutions Pte Ltd
Boustead Trustees Pte. Ltd.
BP-EA Pte. Ltd.
BP-Mandai Pte. Ltd.
BP-SCC Pte. Ltd.
BP-Tuas 1 Pte. Ltd.
BP-UMS Pte. Ltd.
C&E Haven (S) Pte Ltd
Salcon Biotech Pte. Ltd.
Salcon Water Technology Pte Ltd
Jollibean Foods Pte. Ltd.
Present BCO Environmental Pte. Ltd.
BIH Holdings Pte. Ltd.
Boustead Infrastructures Pte. Ltd.
Boustead International Heaters Pte. Ltd.
Boustead Knowledge Pte. Ltd.
Boustead Marketing & Management Services Private Limited
Boustead Maxitherm Energy Pte. Ltd.
Boustead Riau Petroleum Pte. Ltd.
Boustead Salcon Water Solutions Pte. Ltd.
Boustead Services Pte. Ltd.
Controls & Electrics Pte Ltd
Esri South Asia Pte Ltd
Finsome Pte. Ltd.
Geologic Private Limited
Kinnon Green Pte. Ltd.
Maxitherm Combustion Technologies Pte. Ltd.
Prevalent Technologies Pte Ltd
BIH Heaters Malaysia Sdn Bhd
Boustead Infrastructures (Labuan) Pte Ltd
Esri Australia Pty Ltd
Esri Australia Defence Pty Ltd
Geographic Business Systems Pty Ltd
Boustead International Heaters Limited
P.T. Boustead Maxitherm Industries
Salcon-Thai Co., Ltd.
Boustead Salcon Process Private Limited
Boustead International Heaters De Brasil Ltda