Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINESE GLOBAL INVESTORS GROUP LTD.
Securities
CHINESE GLOBAL INVESTORS GRP - SG1N00908623 - 5CJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jan-2019 17:17:38
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG190128OTHRAPLZ
Submitted By (Co./ Ind. Name)
U Keng Tin
Designation
Acting Chairman of the Board
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 Singapore Exchange Securities Trading Limited (the "SGX-ST" ) Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Joseph Au, Associate Director, Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, and Email: sponsorship@ppcf.com.sg).


Additional Details

Name Of Person
Peter Yong
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
28/01/2019
Detailed Reason (s) for cessation
To focus on personal commitments and pursue personal interest.

Based on its enquiries, the Company's sponsor, PrimerPartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Peter Yong as the Independent Non-Executive Director.
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
27/06/2017
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration Committee and a member of Audit Committee and Nominating Committee
Role and responsibilities
Non-executive
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)
1. Sabah Forestry Development Authority (SAFODA)
2. Acacia Forest Industries Sdn Bhd
3. SP Satria Sdn Bhd
Present
1. Syarikat Yadu Sdn Bhd
2. Cityteam Realty Sdn Bhd
3. Sulaman Sunrise Sdn Bhd
4. Luxury Everise Sdn Bhd
5. Infinity Resorts Sdn Bhd
6. Infinity Homes Sdn Bhd
7. Infinity Borneo Yachting Sdn Bhd
8. Trac-Wheels (Kota Kinabalu) Sdn Bhd
9. Prima Serimas Sdn Bhd
10. Hasrat Bumimas Sdn Bhd
11. Powerpro Sdn Bhd