Change - Announcement of Cessation::RESIGNATION OF EXECUTIVE DIRECTOR, PRESIDENT AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
COMMUNICATION DESIGN INTERNATIONAL LIMITED
Securities
COMMUNICATION DESIGN INTL LTD - SG1S82928544 - 5HT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Apr-2015 17:31:05
Status
New
Announcement Sub Title
RESIGNATION OF EXECUTIVE DIRECTOR, PRESIDENT AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG150414OTHRK1T4
Submitted By (Co./ Ind. Name)
Bay Cheow Guan David
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by 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 Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Zheng Jiabin
Age
34
Is effective date of cessation known?
Yes
If yes, please provide the date
13/04/2015
Detailed Reason (s) for cessation
To pursue personal interest and to facilitate the execution of the Company's intended strategies and business model.

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 material reasons for the cessation of Mr Zheng Jiabin as the Executive Director, President and Chief Executive Officer 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
28/05/2014
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)
3
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.)
Executive Director, President and Chief Executive Officer
Role and responsibilities
Responsible for formulation and implementation of strategies to improve overall corporate performance and to lead corporate planning to further the Company's goals.
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?
Yes
Shareholding Details
Evancarl Capital SPC ("Evancarl") is a family trust of which the sole beneficiary is Ms Kerry Tiong Zee Yee. Ms Kerry Tiong Zee Yee is the spouse of Mr Zheng Jiabin. Mr Zheng Jiabin is deemed interested in 7,600,000 ordinary shares held by Evancarl, under trust custody by Maybank Kim Eng Securities Pte Ltd as nominee.
Past (for the last 5 years)
1. LPW Investments Pte. Ltd.
2. Burwood Asia Pte. Ltd.
3. Miura Strategies Pte. Ltd.
4. Zhegan Pty. Ltd.
5. Lionbridge Group Pte. Ltd.
6. Lionbridge Capital Pty. Ltd.
7. EVIA Capital Partners Pty. Ltd.
8. Evancarl Limited
9. Devwest Holding Pte. Ltd.
10. LTN Land Pte. Ltd.
11. One Room Mansion Limited
12. Richwood Asia I Investments Limited
Present
Nil