Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

Issuer & Securities

Issuer/ Manager
LORENZO INTERNATIONAL LIMITED
Securities
LORENZO INTERNATIONAL LIMITED - SG1T35930281 - 5IE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Oct-2014 18:26:55
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER
Announcement Reference
SG141007OTHRU029
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
CESSATION OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER.

Additional Details

Name Of Person
Christopher Chong Meng Tak
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
07/10/2014
Detailed Reason (s) for cessation
For professional and personal reasons:
1) a sharp increase in workload and a long standing promise to accept another directorship in 2015; and
2) intended to retire in 2015 as it would have been Mr Chong's 9th year on the Lorenzo Board.
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
28/03/2006
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee, member of the Nominating Committee and member of the Remuneration Committee.
Role and responsibilities
Mr Chong is an Independent Director, Chairman of Audit Committee, member of the Nominating Committee and member of the Remuneration Committee.
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)
Koda Ltd
Imagi International Holdings Ltd
Xpress Holdings Limited
Present
ASL Marine Holdings Ltd
GLG Corp Ltd
Koon Holdings Ltd
Yingli International Real Estate Ltd