Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
CHOO CHIANG HOLDINGS LTD.
Securities
CHOO CHIANG HOLDINGS LTD. - SG1BE5000001 - 42E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Nov-2018 18:21:07
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG181113OTHR1F78
Submitted By (Co./ Ind. Name)
Sharon Yeoh
Designation
Company Secretary
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, SAC Capital Private Limited ("Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist ("Catalist Rules"). 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 Ong Hwee Li, at 1 Robinson Road #21-00 AIA Tower Singapore 048542, Telephone: +65 6232 3210.

Additional Details

Name Of Person
Allan Wong Woon Wai
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
13/11/2018
Detailed Reason (s) for cessation
Mr Allan Wong Woon Wai ("Mr Wong") has resigned as a member of the Audit Committee, a member of the Nominating Committee and a member of the Remuneration Committee.

Mr Wong has decided to pursue a full time career opportunity with a government-linked company, and is resigning due to restrictions on directorships in third party corporation applicable to employees imposed by his new employer.

For the purpose of Rule 704(6)(b) of the Catalist Rules, Mr Wong has confirmed that he is not aware of any irregularities in the Company and its subsidiaries which would have a material impact on the Group, including financial reporting.

The Sponsor, after having interviewed Mr Wong, is not aware of any material reason relating to his resignation as an Independent Director of the Company which would have a material adverse impact on the Company.

The Company expresses its gratitude to Mr Wong for his valuable contributions during his tenure of service.
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
20/08/2018
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, member of the Nominating Committee, member of the Remuneration Committee and member of the Audit Committee
Role and responsibilities
Independent Director, member of the Nominating Committee, member of the Remuneration Committee and member of the Audit Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
None