Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD.
Securities
CHINA GAOXIAN FIBREFAB HLDGLTD - SG1BC7000003 - AZZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Nov-2015 19:23:58
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG151109OTHRUV74
Submitted By (Co./ Ind. Name)
Tham Wan Loong, Jerome
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Kwak Kyung Jik
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
09/11/2015
Detailed Reason (s) for cessation
Resigned due to personal work commitments in Korea.
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
03/06/2011
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, the Chairman of the Remuneration Committee and a member of the Audit Committee of the Company
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
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Kwak & Co., Lead Partner