|Announcement Title||Change - Announcement of Cessation|
|Announcement Subtitle||Cessation of Managing Director|
|Securities||SIN HENG HEAVY MACHINERY LTD (SINHENGM)
|Date & Time of Broadcast||Jul 1, 2016 17:48|
|Submitted By||Tan Ah Lye
|Description||Cessation of Managing Director|
|Name of person||Tan Cheng Soon, Don ("Mr. Don Tan")|
|Is effective date of cessation known?||Yes|
|Effective date for cessation||Jul 1, 2016|
|Detailed reason(s) for cessation||After stepping down as Managing Director, Mr. Don Tan will no longer be a Director of Sin Heng Heavy Machinery Limited (the "Company"). He will continue with the Company as the Director of Operations and will be in charge of the Singapore rental division and various subsidiaries of the Company. He will also remain as director of various subsidiaries 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||Feb 2, 2010|
|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||3|
|Job Title||Managing Director|
|Role and responsibilities||Mr. Don Tan is responsible for the operations, financial and performance of the Group.|
|Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries||Mr. Don Tan is the son of Mr. Tan Ah Lye (Executive Chairman and Interim CEO) who is a substantial shareholder and the brother of Mr. Tan Cheng Guan (Executive Director) and Mr. Tan Cheng Kwong (Executive Director).|
|Shareholdings interest in the listed issuer and its subsidaries?||No|
|Past (for the last 5 years)||DBPS Capital Pte. Ltd.
Sinolion Group Holdings Pte. Ltd.
TAL Capital Pte. Ltd.
Yantai Guoyu Financial Leasing Co. Ltd.
Zap Foundation Pte. Ltd.
|Present||SH Equipment Pte. Ltd.
SH Equipment (Myanmar) Co. Ltd.
SH Equipment (HK) Limited
Sin Heng Aerial Lifts Pte. Ltd.
Sin Heng Vina Company Limited
TAL Holdings Pte. Ltd.