Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
CHOO CHIANG HOLDINGS LTD.
Securities
CHOO CHIANG HOLDINGS LTD. - SG1BE5000001 - 42E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Aug-2018 19:21:08
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG180820OTHRSQN3
Submitted By (Co./ Ind. Name)
Morland Fu
Designation
CFO & Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist ("Catalist Rules"). The Sponsor has not independently 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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Ong Hwee Li, at 1 Robinson Road #21-00 AIA Tower Singapore 048542, Telephone: +65 6532 3829.

Additional Details

Name Of Person
Lee Weilin
Age
37
Is effective date of cessation known?
Yes
If yes, please provide the date
20/08/2018
Detailed Reason (s) for cessation
Ms Lee Weilin ("Ms Lee") has resigned as an Independent Director of the Company and has also relinquished her positions as the Chairperson of the Nominating Committee, a member of the Audit Committee and a member of the Remuneration Committee.

Ms Lee has resigned to refresh the composition of the Board of Directors.

For the purpose of Rule 704(6)(b) of the Catalist Rules, Ms Lee has confirmed that she is not aware of any irregularities in the Company and its subsidiaries which would have a material impact on the Group, including financial reporting.

The Sponsor, after having interviewed Ms Lee, is not aware of any material reason relating to her resignation as an Independent Director of the Company which would have a material adverse impact on the Company.

The Company expresses its gratitude to Ms Lee for her valuable contributions during her tenure of service.
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
25/06/2015
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairperson of the Nominating Committee, member of the Remuneration Committee and member of the Audit Committee
Role and responsibilities
Independent Director, Chairperson of the Nominating Committee, member of the Remuneration Committee and member of the Audit Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
None