Change - Announcement of Cessation::Cessation of Non-independent Non-executive Director

Issuer & Securities

Issuer/ Manager
CORDLIFE GROUP LIMITED
Securities
CORDLIFE GROUP LIMITED - SG2E64980112 - P8A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2016 19:11:01
Status
New
Announcement Sub Title
Cessation of Non-independent Non-executive Director
Announcement Reference
SG160930OTHR93NA
Submitted By (Co./ Ind. Name)
Dr Wong Chiang Yin
Designation
Executive Director cum Group CEO
Description (Please provide a detailed description of the event in the box below)
Announcement on cessation of Non-independent Non-executive Director.

Additional Details

Name Of Person
Gary Xie Guojun
Age
37
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2016
Detailed Reason (s) for cessation
Mr Gary Xie was nominated by Coop International Pte. Ltd. ("CIPL") to take a Board seat in Cordlife Group Limited ("CGL"). Following the completion of the disposal of shares of CGL from CIPL to Nanjing Xinjiekou Department Store Co. Ltd., CIPL ceased to be a substantial shareholder of CGL and hence the resignation of Mr Xie from the Board.
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
29/04/2016
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-independent Non-executive Director and RC Member
Role and responsibilities
Role and responsibilities of a Non-independent Non-executive 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
1. Allsland Pte Ltd
2. Bonvests Holdings Limited
3. Brooklyn Bagels Pte Ltd
4. Bonvests Investments Pte Ltd
5. Bonfresh Pte Ltd
6. Bonswiss Pte Ltd
7. Cenizaro Pte Ltd
8. Coop International Pte Ltd
9. Claridges Pte Ltd
10. Goldvein Holdings Pte Ltd
11. Goldview Pte Ltd
12. Goldprime Pte Ltd
13. Goldpoint Pte Ltd
14. Goldvein Pte Ltd
15. Goldvista Pte Ltd
16. Henrick (Singapore) Pte Ltd
17. The Residence Hotels & Resorts Management Pte Ltd
18. The Residence Hotels & Resorts Pte Ltd
19. The Residence Hotels & Resorts Management Services Pte Ltd
20. Bonaventure (Maldives) Pvt Ltd
21. Bonavista (Maldives) Pvt Ltd
22. Bonaventure (Australia) Pty Ltd
23. Bonaventure (Perth) Pty Ltd
24. Goldvista (Perth) Pty Ltd
25. Hotel & Property Development (Kendwa) Limited
26. Singapore Tunisian Investment Company
27. Singapore Tunisian Investment Company Immobiliere S.A.
28. Belgravia Pte Ltd