Change - Announcement of Cessation::Non-Executive Director

Issuer & Securities

Issuer/ Manager
CCM GROUP LIMITED
Securities
CCM GROUP LIMITED - SG2B84959255 - 5QZ

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Mar-2014 22:11:58
Status
New
Announcement Sub Title
Non-Executive Director
Announcement Reference
SG140325OTHRAS0N
Submitted By (Co./ Ind. Name)
Liew Sen Keong
Designation
Executive Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, 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
Wong Yee Leong
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
25/03/2014
Detailed Reason (s) for cessation
Resigned on his own accord as the Non-Executive Director of the Company in view of heavy overseas travelling and other work commitments outside of the Company and its subsidiaries (the ?Group?).

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 resignation of Mr Wong Yee Leong as the Non-Executive 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?
Yes
If Yes, Please provide full details
The Company will announce the appointment of a new Nominating Committee member in due course.
Date of Appointment to current position
05/06/2013
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and member of the Nominating Committee of the Company
Role and responsibilities
Duties as Non-Executive Director and as a member of the Nominating Committee of the Company
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
1,712,200 share options granted under the CCM Share Option Scheme
Other Directorships
Past (for the last 5 years)
Please see Appendix A
Present
Please see Appendix A

Attachments

AppendixA.pdf
Total size =9K