Change - Announcement Of Cessation As Non-Executive Director

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	Announcement of Cessation as Non-Executive Director
Securities	STRACO CORPORATION LIMITED (STRACO)
Date & Time of Broadcast	Apr 29, 2016 17:53
Submitted By	Lotus Isabella Lim Mei Hua Company Secretary
Description	Announcement of cessation of Mr Neo Poh Kok David as Independent, Non-Executive Director
Cessation Details
Name of person	Neo Poh Kok David
Age	60
Is effective date of cessation known?	Yes
Effective date for cessation	Apr 29, 2016
Detailed reason(s) for cessation	Mr Neo Poh Kok David is due to retire at the Annual General Meeting of the Company pursuant to the requirements of Article No. 95 of the Company's Constitution. Mr Neo did not seek re-appointment as a Director of the Company.
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	May 13, 2011
Does the AC have a minimum of 3 members (taking into account this cessation)?	Yes
Number of independent directors currently resident in Singapore (taking this account this cessation)	4
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months	1
Job Title	Independent Director Member of Audit & Risk Committee Member of Nominating Committee
Role and responsibilities	Fulfilling the responsibilities of a Independent Director
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries	Nil
Shareholdings interest in the listed issuer and its subsidaries?	Yes
Shareholding Details	960,000 Ordinary Shares of Straco Corporation Limited held
Other directorships
Past (for the last 5 years)	Nil
Present	Nil