Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA ESSENCE GROUP LTD.
Securities
CHINA ESSENCE GROUP LTD. - KYG2111N1043 - G54
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Aug-2015 17:26:48
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG150803OTHRA4LK
Submitted By (Co./ Ind. Name)
Yap Kong Wai
Designation
Chief Financial Officer and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director.

Additional Details

Name Of Person
Shen Jianwei
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
03/08/2015
Detailed Reason (s) for cessation
Pave way for Board Restructuring
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
17/10/2006
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Member of Nominating, Remuneration and Audit Committees
Role and responsibilities
Providing strategic corporate advisory and oversees marketing and production of the Group
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