, Singapore

Yap Chee Wee stepped down as SunVic Chemical Holdings' director

He was not able to convince and procure the Company’s PRC management.

Mr. Yap, 44, was not able comply with SGX Listing Rules with regards to non-mandated interested parties’ transactions and the numerous bank loan cross guarantees between the Company and its related parties. And he was not able to obtain shareholders' approval for the disposal of Jiangsu Jurong Petrochemicals.

He had duties of an independent director, as well as duties as chairman of the Remuneration Committee. He was also a member of the Audit and Nominating Committees.

He was appointed on July 12, 2010.
 

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