Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE AND LEAD INDEPENDENT DIRECTOR
Issuer & Securities
C&G ENV PROTECT HLDGS LTD
C&G ENV PROTECT HLDGS LTD - BMG1820V1000 - D79
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE AND LEAD INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive and Lead Independent Director
Name Of Person
Alfred Cheong Keng Chuan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Alfred Cheong Keng Chuan ("Mr Alfred Cheong") has decided to resign to pursue his own personal interests and also due to his work commitments.
Following Mr Alfred Cheong's resignation, the Board and the Nominating Committee are currently in the process of reviewing its composition and membership of the Board Committees to ensure compliance with the Code of Corporate Governance (including but not limited to) meeting the minimum requirement of Principle 2 (Guideline 2.2) which provides that independent directors should make up at least half of the Board and to fill the vacancy of the Audit Committee to meet the requirement on the minimum number of not less than three Audit Committee members within two months, but in any case not later than three months, from 22 December 2017 as stipulated under Rule 704(7) of the Listing Manual.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Lead Independent Director, Chairman of Audit Committee, Chairman of Nominating Committee and a member of Remuneration Committee.
Role and responsibilities
Lead Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
China Flexible Packaging Holdings Limited
Sinotel Technologies Ltd.
China Hongxing Sports Limited
Crowe Horwath First Trust LLP
Debao Property Development Ltd
Jubilee Industries Holdings Limited