| Resignation Details | |
| Name Of Person | U Kean Seng |
| Age | 43 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 02/12/2009 |
| Detailed Reason(s) for Cessation | Subsequent to the liquidators assuming control of Thumb (China) Holdings Group Limited, the Company and Mr U mutually agreed that Mr U steps down from the Board to pursue other interest and opportunities. |
| 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 | 21/11/2007 |
| Job Title | AC Member, NC Member and RC Member |
| Role and Responsibilities | Non-Executive Director |
| 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) | 1 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | Nil |
| Shareholding in the listed issuer and its subsidiaries | Nil |
| 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) | Automated Touchstone Machines Limited Circuit Plus Holdings Ltd New Wave Technologies Ltd NTI International Limited Tat Seng Packaging Group Ltd *not including other corporations that Mr U Kean Seng acted for, for the purpose of incorporation of any corporation and/or in his previous professional capacity as solicitor |
| Present Directorship | China Pipe Group Limited GRP Limited Miyoshi Precision Ltd Ossia International Limited *not including other corporations that Mr U Kean Seng acted for, for the purpose of incorporation of any incorporation and/or in his previous professional capacity as solicitor |
| Other Notes | |
| Footnotes | Prior to his cessation as a Non-Executive Director of the Company, Mr U Kean Seng was a member of each of the Company's Audit Committee, Remuneration Committee and Nominating Committee (each, a "Committee"). Subsequent to the cessation of Mr U Kean Seng as a Non-Executive Director of the Company, each Committee comprises Mr Chan Thye Aun Ivan and Mr Dali Kumar @ Dali Bin Sardar. The Company is therefore not in compliance with the following guidelines of the Code of Corporate Governance 2005 (the "Code"): (1) Guideline 4.1 of the Code ("Guideline 4.1") which states inter alia that a Nominating Committee should comprise at least three directors, a majority of whom, including the chairman, should be independent. (2) Guideline 11.1 of the Code ("Guideline 11.1") which states inter alia that an Audit Committee should comprise at least three directors, all non-executive, a majority of whom, including the chairman, should be independent. The Board is currently assessing the relevant suitable replacement(s) for the purposes of compliance with Guideline 4.1 and Guideline 11.1. |