Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
CEDAR STRATEGIC HOLDINGS LTD.
Securities
CEDAR STRATEGIC HOLDINGS LTD - SG1D96849865 - 530
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Dec-2014 07:31:43
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG141204OTHRBRZG
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Cedar Strategic Holdings Ltd. (the ''Company'') and its contents have been reviewed by the Company's Continuing Sponsor, Stamford Corporate Services Pte. Ltd. (the ''Sponsor''), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (''SGX-ST''). 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 Company's Sponsor is Mr Ng Joo Khin whose details are set out below:
Telephone number: +65 6389 3000
Email: jookhin.ng@stamfordlaw.com.sg

Additional Details

Name Of Person
Chan Kum Ee
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
03/12/2014
Detailed Reason (s) for cessation
To pursue other career opportunities.
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
01/07/2014
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
10
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director.
Role and responsibilities
Area of Responsibility:
1) Manage attainment of business objectives and financial targets;
2) Lead all fund raising efforts;
3) Manage corporate governance compliance;
4) Manage all investments, divestments, joint-ventures, collaborations; and
5) Implement policies and plans laid down by the Board.
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)
August 2012 to March 2014 - Director of Sino-Wealth Financial Ltd., September 2009 to May 2014 - Independent Director of Sino Excel Energy Limited (ASX Listed), May 2011 to September 2013 - Independent Director & Chairman of Imagine Un Limited (ASX Listed), October 2012 to July 2013 - Independent Director of Asia Fashion Holdings Limited (SGX Listed), April 2010 to December 2010 - Director of Jade Real Estate Pte. Ltd., April 2010 to December 2010 - Director of Jade Marketing & Distribution Pte. Ltd. and April 2010 to December 2010 - Director of Jade Commodities & Resources Pte. Ltd.
Present
Founder and Director of SC Management Consulting Private Limited