Change - Announcement of Cessation::RESIGNATION OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
CEDAR STRATEGIC HOLDINGS LTD.
Securities
CEDAR STRATEGIC HOLDINGS LTD - SG1D96849865 - 530
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Apr-2015 19:14:38
Status
New
Announcement Sub Title
RESIGNATION OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG150421OTHR8CPN
Submitted By (Co./ Ind. Name)
ONG BENG HONG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Cedar Strategic Holdings Limited (the "Company") and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company's Sponsor has not independently verified the contents of this announcement.

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

The contact person for the Company's Sponsor is Mr Ng Joo Khin
Telephone number: 63893000 Email: jookhin.ng@stamfordlaw.com.sg

Additional Details

Name Of Person
CHEN SIEW LOON
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
14/04/2015
Detailed Reason (s) for cessation
Due to unpaid salaries and CPF contributions from the Company, Mr Chen Siew Loon has stated that he is of the view that there has been a repudiatory breach of his employment contract by the Company, and that his employment with the Company will thus cease with immediate effect.
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
06/02/2015
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for overseeing all financial and accounting matters of the Company and its subsidiaries
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Clements and Street Limited (UK)
CDI Solutions (India) Private Limited
Present
None