Change - Announcement of Cessation::Cessation of Mr Koh Choon Kong as Director

Issuer & Securities

Issuer/ Manager
ORIENTAL GROUP LTD.
Securities
ORIENTAL GROUP LTD. - SG1Q39922105 - 5FI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Dec-2016 21:05:15
Status
New
Announcement Sub Title
Cessation of Mr Koh Choon Kong as Director
Announcement Reference
SG161209OTHR3A3B
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Effective Date and Time of the event
09/12/2016 11:00:00
Description (Please provide a detailed description of the event in the box below)
The number of cessations of appointments specified in Rule 704(6) of the Listing Manual over the past 12 months does not include the cessation of Mr Lim Kok Hui and Mr Tan Song Kwang as Directors of the Company on 9 December 2016, and announced by the Company on the same day.

The number of Independent Directors currently resident in Singapore (taking into account this Cessation) takes into account the cessation of Mr Lim Kok Hui and Mr Tan Song Kwang as Directors of the Company on 9 December 2016, and announced by the Company on the same day.

This announcement has been prepared by Oriental Group Ltd. (the "Company") and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Koh Choon Kong
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
09/12/2016
Detailed Reason (s) for cessation
Mr Koh Choon Kong was removed as an Independent Director of the Company pursuant to an ordinary resolution passed at the extraordinary general meeting held on 9 December 2016 for his removal from office.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the removal of Mr Koh Choon Kong as the Independent Director 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
01/12/2011
Does the AC have a minimum of 3 members (taking into account this cessation)?
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) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration Committee, member of Audit Committee and Nominating Committee.
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Oriental Group Ltd.
Present
China Sunsine Chemical Holdings Ltd