| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 15, 2017 18:58 |
| Status | New |
| Announcement Sub Title | ANNOUNCEMENT OF CESSATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR |
| Announcement Reference | SG171215OTHRWZQX |
| 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-INDEPENDENT NON-EXECUTIVE DIRECTOR |
| Additional Details | |
| Name Of Person | YANG JIAN |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/12/2017 |
| Detailed Reason (s) for cessation | As stated in Note 10 of the Company s 3QFY2017 Results Announcement and Press Release dated 13 November 2017, some of the existing Directors of the Company intend to voluntarily step down to facilitate a board renewal upon the completion of a proposed acquisition of a 27.97%-stake in the company by Hong Kong International Construction Investment Management Group Co., Limited (the "Transaction"). In line with the foregoing, Mr Yang Jian has voluntarily stepped down as Non-Independent Non-Executive Director ahead of completion of the Transaction. For the avoidance of doubt, there is no completion of the Transaction as at the date of this announcement. |
| 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 | 20/07/2009 |
| 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 DIRECTOR, RC MEMBER |
| Role and responsibilities | NON-EXECUTIVE DIRECTOR |
| 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? | Yes |
| Shareholding Details | 734,139 ordinary shares in Sapphire Corporation Limited |
| Past (for the last 5 years) | Nil |
| Present | 1. Tranvic Group 2. Trisonic International Ltd |
