Announcement Title Change - Announcement of Cessation
Announcement Subtitle Cessation of an Executive Director
Date & Time of Broadcast Oct 28, 2016 18:27
Submitted By Ms. Rujiraporn Hengtrakool
Manager, Legal & Corporate Affairs Dept.
Description Cessation of Mr. Chia Wan Huat Joseph, Executive Director
Cessation Details
Name of person Mr. Chia Wan Huat Joseph
Age 57
Is effective date of cessation known? Yes
Effective date for cessation Oct 28, 2016
Detailed reason(s) for cessation Mr. Chia, a key executive of the Thoresen Group, has been assigned to focus on another role within the Thoresen Group where he will pioneer various new business opportunities. Mr. Chia will continue to serve the Company in his capacity as Senior Executive Vice President and also serve as a member of the Executive Committee 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? Yes
If yes, please provide full details Following Mr. Chia's cessation as an Director, he shall also vacate his role as a member of the Nomination Committee of the Company. The Board would like to thank Mr. Chia for his role on the Board of the Company and also for his valuable contributions and insights given his broad experience, expertise and passion for serving. The vacancy also allows for the appointment of another candidate to the Board who can focus attention on further strengthening the fundamentals of the Company during this period of time.
Date of appointment to current position Oct 21, 2013
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) 2
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 9
Job Title Executive Director, Member of the Nomination Committee and the Executive Committee.
Role and responsibilities Responsible for overseeing the overall management for the Group.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries None.
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details 40,000 ordinary shares
Other directorships
Past (for the last 5 years) 1. Zamil Mermaid Offshore Services Company LLC
2. Seascape Surveys (Thailand) Ltd.
Present 1. Thoresen Thai Agencies Public Company Limited
2. Mermaid Subsea Services (Thailand) Ltd.
3. Seascape Surveys Pte. Ltd.
4. Mermaid Subsea Services (International) Ltd.
5. Mermaid Subsea Services LLC
6. Mermaid Offshore Services Pte. Ltd.
7. Mermaid Drilling Ltd.
8. Mermaid Drilling (Malaysia) Sdn. Bhd.
9. MTR-1 Ltd.
10. MTR-2 Ltd.
11. MTR-1 (Singapore) Pte. Ltd.
12. MTR-2 (Singapore) Pte. Ltd.
13. MTR-3 (Singapore) Pte. Ltd.
14. MTR-4 (Singapore) Pte. Ltd.
15. Mermaid MTN Pte. Ltd.
16. Mermaid Maritime Mauritius Ltd.
17. Mermaid International Ventures
18. PM Thoresen Asia Holdings Public Company Limited
19. Soleado Holdings Pte. Ltd.
20. Thoresen Shipping Singapore Pte. Ltd.
21. Thoresen & Company (Bangkok) Ltd.
22. Thoresen Shipping ZPE
23. Thoresen (Indochina) S.A.
24. Petrolift Inc.
25. Thoresen Shipping and Logistics Ltd.
26. Baconco Co., Ltd.
27. Unique Mining Services Public Company Limited
28. UMS Distribution Co., Ltd.
29. UMS Lighter Co., Ltd.
30. UMS Pellet Energy Co., Ltd.
31. UMS Port Services Co., Ltd.
32. Chidlom Marine Services & Supplies Ltd.

Prior to or upon his cessation, Mr. Chia will also resign from his directorship of Mermaid subsidiaries (company no. 2-17 of the above list).