Announcement Of Cessation As Independent Director Who Is An Audit Committee Member

Resignation Details
Name Of Person	GEORGE HUANG CHANG YI
Age	61
Is Effective Date Of Cessation Known?	Yes
Effective Date Of Cessation	27/04/2011
Detailed Reason(s) for Cessation	Mr George Huang Chang Yi who was due for re-election at the Annual General Meeting held today pursuant to Article 95 of the Company's Articles of Association has decided to retire due to personal commitments and not seek re-election to be on the Board of Directors.
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	27/10/2003
Job Title	Independent Director
Role and Responsibilities	Chairman of Nominating Committee, Member of Audit Committee and Remuneration Committee.
Does the AC have a minimum of 3 members (taking into account this resignation)?	No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)	2
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months	1
Shareholding in the listed issuer and its subsidiaries	Ordinary Shares: Direct Interest: 200,000 shares Number of Options held: 660,000
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)	Please refer to the Attachment1.
Present Directorship	Please refer to the Attachment.

Attachments

1. Attachment 1 (Size: 16,921 bytes)
2. Attachment 2 (Size: 158,090 bytes)