Change - Announcement of Cessation::Cessation of Executive Director/ Chief Operating Officer

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
22-Sep-2014 17:32:38
Status
New
Announcement Sub Title
Cessation of Executive Director/ Chief Operating Officer
Announcement Reference
SG140922OTHRP7BX
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director/ Chief Operating Officer.

Additional Details

Name Of Person
Chung Kim Yew
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
22/09/2014
Detailed Reason (s) for cessation
Retirement.
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
28/10/2005
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chief Operating Officer.
Role and responsibilities
Mr Chung is overall responsible for the manufacturing facilities in Malaysia and China and the Group's business development opportunities including retail operations and Licensed Retailing System.
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?
Yes
Shareholding Details
20,493,200 Direct Interest
86,000 Deemed Interest
Past (for the last 5 years)
Nil.
Present
Group Companies
Ginova Furnishing Sdn Bhd
Ginova Marketing Sdn Bhd
Lorenzo International (Kunshan) Co., Ltd
Lorenzo Furniture Trading (Shanghai) Co., Ltd
Monica Design Sdn Bhd (formerly known as Yao Pong Industries Sdn Bhd)
Supreme Furniture (Kunshan) Co., Ltd
Supreme Furnishing Centre Pte Ltd
Uhin Holding Pte Ltd
Uhin Sofa Sdn Bhd
Uhin International Co., Ltd
Uhin Wood Industries Sdn Bhd

Other Companies
Triple Aims Sdn. Bhd. (formerly known as Uhin Holdings Sdn Bhd