Change - Announcement of Cessation::RETIREMENT OF AN INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ZHONGXIN FRUIT AND JUICE LIMITED
Securities
ZHONGXIN FRUIT AND JUICE LTD - SG1P25916898 - 5EG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Oct-2014 18:27:52
Status
New
Announcement Sub Title
RETIREMENT OF AN INDEPENDENT DIRECTOR
Announcement Reference
SG141029OTHRGYYZ
Submitted By (Co./ Ind. Name)
Ngiam Zee Moey
Designation
Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.

Additional Details

Name Of Person
Tham Poh Weng
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
29/10/2014
Detailed Reason (s) for cessation
Mr Tham Poh Weng is not seeking re-election and will be retiring as an Independent Director of the Company at the conclusion of the Company's Annual General Meeting held on 29 October 2014, with a view to refresh the Board.

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 cessation of Mr Tham Poh Weng as an 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
23/06/2006
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)
1
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 Remuneration Committee and member of the Audit and Nominating Committees.
Role and responsibilities
Acted as Chairman of the Remuneration Committee, member of the Audit and Nominating Committees in accordance with the Terms and Reference of the respective committees and as a Board member exercised joint and several responsibilities with the Board of Directors.
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
355,714 shares in Zhongxin Fruit and Juice Limited
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil