Change - Announcement of Cessation::Resignation of Independent Director who is an Audit Committee Member

Issuer & Securities

Issuer/ Manager
CHINA ESSENCE GROUP LTD.
Securities
CHINA ESSENCE GROUP LTD. - KYG2111N1043 - G54
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Oct-2015 19:55:25
Status
New
Announcement Sub Title
Resignation of Independent Director who is an Audit Committee Member
Announcement Reference
SG151001OTHRYOVO
Submitted By (Co./ Ind. Name)
Er Kwong Wah
Designation
Non-Executive Independent Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director who is an Audit Committee Member

Additional Details

Name Of Person
Chin Kwan Lam, Raymond
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2015
Detailed Reason (s) for cessation
To pursue other business interest.
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
03/08/2015
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)
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 (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and Member of Remuneration and Nominating Committees.
Role and responsibilities
Duties as Independent Director, Chairman of the Audit Committee and Member of Remuneration and Nominating Committees.
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)
Nil
Present
1) IMCL CPA Limited - Hong Kong private company

2) Crown Master Limited - Hong Kong private company

3) Prime Silver Limited - Hong Kong private company

4) New Dynamic Corporation Limited - Hong Kong private company

5) Cheer Charm Holdings Limited - Hong Kong private company

6) Sunny Faith (China) Limited - Hong Kong private company

7) Wonderfield Group Ltd. - BVI company

8) Alliance Resource Enterprises Ltd - BVI company

9) Artsway International Limited - BVI company

Attachments