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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 29, 2017 17:56 |
| Status | New |
| Announcement Sub Title | Resignation of Chief Executive Director |
| Announcement Reference | SG171229OTHRK2N0 |
| Submitted By (Co./ Ind. Name) | Mr Phillip Lim |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | As part of succession planning, the Board of Directors wishes to announce the resignation of Mr Henry Maknawi ("Mr Maknawi") as Chief Executive Officer. Mr Maknawi will remain as Executive Chairman and member of the Nominating Committee. |
| Additional Details | |
| Name Of Person | Henry Maknawi |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/01/2018 |
| Detailed Reason (s) for cessation | Succession planning |
| 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 | 30/05/2008 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| 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) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer |
| Role and responsibilities | Responsible for the overall business strategies and policies of the Group |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Brother of Ms Ratna Maknawi, Executive Vice-Chairman |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 1,774,970 shares held in his name in the Company 152,555,224 shares held by Kencana Holdings Pte. Ltd. in the Company |
| Past (for the last 5 years) | Kencana Agri Limited Kencana Holdings Pte. Ltd. |
| Present | Kencana Agri Limited Kencana Holdings Pte. Ltd. |