Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
CHOSEN HOLDINGS LIMITED
Securities
CHOSEN HOLDINGS LIMITED - SG1G50869484 - C10
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Oct-2015 18:15:17
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG151016OTHRK9D5
Submitted By (Co./ Ind. Name)
SOONG WEE CHOO/LIEW MENG LING
Designation
JOINT COMPANY SECRETARIES
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

Additional Details

Name Of Person
TAN SONG KOK HENRY
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
16/10/2015
Detailed Reason (s) for cessation
Three new Independent Directors and two new non-executive directors were nominated by Southshore Pte. Ltd pursuant to Article 98 of the Articles of Association of the Company and their appointments approved by shareholders at the 17th Annual General Meeting of the Company held on 16 October 2015. Mr Henry Tan (together with Mr Chew Heng Ching and Mr Chow Kok Kee who collectively formed the Audit Committee before their resignation/retirement) accordingly resigned to facilitate refreshing of the Board. The Board wishes to express its sincere appreciation to Mr Tan for his past contribution and services to the Company during his tenure as Director of the Company.


With the appointment of the new Independent Directors and non-executive directors, the chairperson and membership of the Board Committees, including the Audit Committee, are under consideration. The reconstitution of the Board Committees will be announced in due course.
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
08/02/1999
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of Remuneration Committee
Member of Audit and Nominating Committees
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?
Yes
Shareholding Details
687,817 Ordinary Shares (direct interest)
Past (for the last 5 years)
Pertama Holdings Limited
Medallion Ventures Limited
Vertex Resources Ltd
Equity-Link Asia Ltd
Nexia International Limited
Nexia Limited
Present
Nexia TS Pte Ltd
TSA Capital Pte Ltd
TSA Recruitment Consultants Pte Ltd
Ascendas Funds Management (S) Limited
Alpha Singapore
Nexia TS Technology Pte. Ltd.
Nexia TS Advisory Pte. Ltd.
The Methodist Church of Singapore
NTS Asia Advisory Sdn Bhd
NTS Myanmar Co. Ltd
Wesley Vineyard Childcare Ltd
Taskom Advisory Pte Ltd
Raffles Education Corporation Limited
AustChina Strategies Pty Ltd
YHI International Limited
2T Investment Holdings Pte Ltd
Nexia TS (Shanghai) Co. Ltd
Medallion Asset Management Pte Ltd
Nexia China Pte Ltd
Nexia TS Public Accounting Corporation
China New Town Development Co. Ltd
Nexia TS Risk Advisory Pte Ltd
Nexia TS Tax Services Pte. Ltd.