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

Issuer & Securities

Issuer/ Manager
CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD.
Securities
CHINA GAOXIAN FIBREFAB HLDGLTD - SG1Y67947917 - I4U

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2014 18:03:52
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG140428OTHR9KHR
Submitted By (Co./ Ind. Name)
Busarakham Kohsikaporn
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Independent Director.

The Board would like to express its appreciation to Mr Yeo Guat Kwang for his invaluable advice to the Board since the resumption of trading.

Additional Details

Name Of Person
Yeo Guat Kwang
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2014
Detailed Reason (s) for cessation
Retirement of Mr Yeo Guat Kwang who does not wish to seek re-election pursuant to Article 118 of the Company's Articles of Association, at the conclusion of the Annual General Meeting held on 28 April 2014.
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
18/09/2013
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and member of the 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)
Nil
Present
Please see Appendix I

Attachments

Appendix%20I.pdf
Total size =5K