Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
CHOSEN HOLDINGS LIMITED
Securities
CHOSEN HOLDINGS LIMITED - SG1G50869484 - C10
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Oct-2015 18:14:43
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG151016OTHR9UID
Submitted By (Co./ Ind. Name)
SOONG WEE CHOO/LIEW MENG LING
Designation
JOINT COMPANY SECRETARIES
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

Additional Details

Name Of Person
CHEW HENG CHING
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
16/10/2015
Detailed Reason (s) for cessation
Three new Independent Directors and two new non-executive directors were nominated by Southshore Pte. Ltd pursuant to Article 98 of the Articles of Association of the Company and their appointments approved by shareholders at the 17th Annual General Meeting of the Company held on 16 October 2015. Mr Chew Heng Ching (together with Mr Chow Kok Kee and Mr Henry Tan Song Kok who collectively formed the Audit Committee before their resignation/retirement) accordingly resigned to facilitate refreshing of the Board. The Board wishes to express its sincere appreciation to Mr Chew for his past contribution and services to the Company during his tenure as Director of the Company.


With the appointment of the new Independent Directors and non-executive directors, the chairperson and membership of the Board Committees, including the Audit Committee, are under consideration. The reconstitution of the Board Committees will be announced in due course.
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
08/02/1999
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of Audit Committee
Member of Nominating and Remuneration Committees
Role and responsibilities
Independent Director
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)
Lee Kim Tah Holdings Limited
LMA International N.V.
Advisory Pte Ltd
Internal Audit (Intl) Pte Ltd
Ned Advisory Services Pte Ltd
Northern Star Petroleum Pte Ltd
Singapore Crocodile (1968) Pte Ltd
Singapore International Chamber of Commerce
1331 Private Limited
NW Star Energy Pte. Ltd.
Chow & Chows Childcare & Early Learning Centre Ltd
Brightlite Systems Pte Ltd
Changzhou Fushi Housing Development Pte. Ltd.
Jiangyin Evergro Properties Co. Ltd (PRC)
Jiangyin Yangtze International Country Club Co. Ltd
Present
Bonvests Holdings Limited
Huan Hsin Holdings Ltd
Pharmesis International Ltd
Spindex Industries Ltd
Ang Mo Kio-Thye Hua Kwan Hospital Ltd
Sinopipe Holdings Limited
Ausgroup Limited
Stratech Systems Limited
Crocodile Holdings Pte Ltd