Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
LORENZO INTERNATIONAL LIMITED
Securities
LORENZO INTERNATIONAL LIMITED - SG1T35930281 - 5IE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Mar-2016 17:52:00
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG160315OTHRT9VJ
Submitted By (Co./ Ind. Name)
ONG BENG HONG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Upon the cessation of Ms Lie Chin Chin as a director of the Company, she will relinquish her positions as Independent Director, Chairman of the Nominating Committee and a member of each of the Audit Committee and Remuneration Committee. The Nominating Committee and the Board is in the process of identifying and appointing a new Independent Director. Once an appropriate candidate is identified and appointed, the necessary announcement(s) relating to such appointment as well as the reconstitution of the Board Committee will be made.

Additional Details

Name Of Person
LIE CHIN CHIN
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
10/03/2016
Detailed Reason (s) for cessation
Unable to continue to devote the necessary time and attention to the Company due to other commitments.

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
28/03/2006
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Member of the Audit Committee, 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
NIL