Announcement Of Cessation As Executive Director

October 15, 2009 23:35:22

Resignation Details
Name Of Person John Lee Thian Guan
Age 51
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 15/10/2009
Detailed Reason(s) for Cessation Mr John Lee had decided to resign as Deputy Chairman and Executive Director of the Board. Mr Lee will continue to develop niche technologies and pursue overseas markets for Dayen. His new designation is Business Development Director of Dowtec Private Limited ("Dowtec"), a subsidiary of the Group.

The Board and Management are confident that Mr Lee's resignation will have no bearing on the operations of the Group.
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 15/04/2002
Job Title Executive Director / Deputy Chairman
Role and Responsibilities To spearhead the business development activities of the Group
Does the AC have a minimum of 3 members (taking into account this resignation)? Yes
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 3
Shareholding in the listed issuer and its subsidiaries 3,425,000
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Other Directorship
Past Directorship (for the last five years) Nil
Present Directorship Dayen Environmental Ltd
Dayen Investment Holdings Pte Ltd
Shenyang Shenfei Dayen Environmental Ltd
Dayen Water Engineering (Beijing) Ltd
Dayen Resources Pte Ltd
Dowtec Pte Ltd
CH Solutions Pte Ltd
Dayen Mining Pte Ltd
Pizhou Water Holdings Pte Ltd
Pizhou Penyao Water Co. Ltd
Terra Pontus Pte Ltd
Dayen Environmental FZE (UAE)
Dayen Environmental LLC (UAE)
Other Notes
Footnotes This document has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Collins Stewart Pte. Limited for compliance with the relevant rules of the SGX-ST. Collins Stewart Pte. Limited has not independently verified the contents of this document. This document has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr Alex Tan, Managing Director, Corporate Finance, Collins Stewart Pte. Limited at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.