REPL::Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager: CEI LIMITED
Securities: CEI LIMITED - SG1AI5000004 - AVV
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 28-Jun-2021 23:23:02
Status: Replacement
Announcement Sub Title: Resignation of Independent Director
Announcement Reference: SG210625OTHRTUXZ
Submitted By (Co./ Ind. Name): Teo Soon Hock
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Resignation of Independent Director

(Updated reason for cessation below)

Additional Details

Name Of Person: Tan Bien Chuan
Age: 64
Is effective date of cessation known?: Yes
If yes, please provide the date: 25/06/2021
Detailed Reason (s) for cessation: The Board of Directors (the "Board") of CEI Limited (the "Company") wishes to announce the resignation of Mr Tan Bien Chuan as Lead Independent Director of the Company, Chairman of Audit and Board Risk Committee, and, Member of Nominating and Remuneration Committee with effect from 25 June 2021, to pursue his personal interests.

The Board sincerely thank Mr Tan Bien Chuan for his invaluable guidance and contributions to the growth of the Company.

By Order of the Board
Teo Soon Hock
Company Secretary

Singapore, 25 June 2021
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: 09/02/2000
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.): Lead Independent Director of the Company, Chairman of Audit and Board Risk Committee, and, Member of Nominating and Remuneration Committee
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: Nil
Shareholding interest in the listed issuer and its subsidiaries?: No
Past (for the last 5 years): - Mar 2012 to Dec 2016 - Director of United WW Company Limited
- Jul 2010 to Jul 2017 - Director of Asian Venture Philantrophy Network Limited
- Feb 2011 to Feb 2019 - Director of Noble Effort Limited
- Mar 2017 to Sep 2020 - OWW Investments SPC Limited
- Feb 2011 to Feb 2021 - Director of OWW Investments V Limited
Present: - Since Aug 2000 - Director of OWW Capital Partners Pte Ltd (Formerly OCBC, Wearnes & Walden Management (S) Pte Ltd)
- Since Aug 2000 - Director of OWW Capital Partners Limited (Formerly OCBC, Wearnes & Walden Management Limited)
- Since Jun 2006 - Director of Acmecity Limited
- Since Jun 2006 - Director of Central Era Limited
- Since Jun 2006 - Director of Oasis Cove Investments Limited
- Since Aug 2007 - Director of Ferrybrook Limited
- Since Feb 2009 - Director of OWW Investments III Limited
- Since Jul 2010 - Director of I-Magination Group Pte Ltd
- Since Mar 2011 - Director of OWW II Limited
- Since Dec 2011 - Director of Bloom Route Limited
- Since Feb 2012 - Director of Lange Capital Ltd
- Since Jul 2014 - Director of United Grace Corporation Limited
- Since Oct 2014 - Director of Shanghai Typrotech Technology Co., Ltd
- Since Apr 2015 - Director of Golive Movies Limited
- Since Apr 2015 - Director of Golive TV Limited
- Since Feb 2018 - OWW China Focused Equity Fund

Related Announcements

Related Announcements: 25/06/2021 18:00:02