Change - Announcement of Cessation::Cessation of Mr Tan Song Kwang as Independent Director

Issuer & Securities

Issuer/ Manager
ORIENTAL GROUP LTD.
Securities
ORIENTAL GROUP LTD. - SG1Q39922105 - 5FI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2016 16:40:31
Status
New
Announcement Sub Title
Cessation of Mr Tan Song Kwang as Independent Director
Announcement Reference
SG161230OTHR9F7Q
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The number of cessations of appointments specified in Rule 704(6) of the Listing Manual over the past 12 months (taking into account this Cessation) does not include the cessation of Mr Lim Kok Hui and Mr Koh Choon Kong as Directors of the Company on 27 December 2016, and announced by the Company on the same day as this announcement.

The number of Independent Directors currently resident in Singapore (taking into account this Cessation) takes into account the cessation of Mr Lim Kok Hui and Mr Koh Choon Kong as Directors of the Company on 27 December 2016, and announced by the Company on the same day as this announcement. For the avoidance of doubt, the number of cessations does not include the directors who are appointed with effect from 9 December 2016 pursuant to a court order made on 27 December 2016.

This announcement has been prepared by Oriental Group Ltd. (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 Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Tan Song Kwang
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
27/12/2016
Detailed Reason (s) for cessation
Mr Tan Song Kwang was removed as an Independent Director of the Company pursuant to a court order made on 27 December 2016.

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 other material reasons for the removal of Mr Tan Song Kwang as the Independent Director 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
07/12/2016
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
10
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and member of Audit Committee.
Role and responsibilities
Non-Executive
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)
China Paper Holdings Limited
Present
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CW Alpha Capital Pte Ltd