Change - Announcement of Cessation::Cessation of Non-Executive Chairman
Issuer & Securities
CPH LTD - SG1G40868794 - 539
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Non-Executive Chairman
Submitted By (Co./ Ind. Name)
Ong Kian Soon
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by CPH 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 Ms Jennifer Tan, Senior Manager, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.
Name Of Person
Ong Seng Gee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Ong Seng Gee resigned as Non-Executive Director and Chairman of the Company, as required pursuant to his new appointment with a bank.
Mr Lee Teong Sang, the Independent Non-Executive Director, will succeed Mr Ong Seng Gee as Non-Executive Chairman of the Company with effect from 1 December 2016.
Other than as disclosed in this announcement, there are no other reasons for the cessation of Mr Ong Seng Gee as Non-Executive Director and Chairman of the Company.
Following the aforesaid cessation, Mr Ong Seng Gee also relinquished his position as member of the Audit Committee, Nominating Committee and Remuneration Committee of the Company.
Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that other than disclosed in this announcement, there are no material reasons for the cessation of Mr Ong Seng Gee as the Non-Executive Chairman.
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 Chairman of the Company and a member of the Audit Committee, Nominating Committee and Remuneration Committee
Role and responsibilities
To perform the functions of the Non-Executive Chairman of the Company and fulfil duties and responsibilities as a member of the Audit Committee, Nominating Committee and Remuneration Committee
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?
Direct Interest: 250,000 ordinary shares
Past (for the last 5 years)