Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
LIBRA GROUP LIMITED
Securities
LIBRA GROUP LIMITED - SG2D82975475 - 5TR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2018 17:43:49
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG180430OTHRR8A3
Submitted By (Co./ Ind. Name)
Chu Sau Ben
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte. Ltd.("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Company s Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Sponsor is Mr Yap Wai Ming:
Telephone number: (65) 6389 3000
Email address: waiming.yap@morganlewis.com

Additional Details

Name Of Person
XU RUIBING
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2018
Detailed Reason (s) for cessation
Mr Xu Ruibing retired by rotation Pursuant to Regulation 89 of the Company's Constitution at the Annual General Meeting of the Company held on 30 April 2018. He has decided not to seek re-election as an Executive Director of the Company.

Based on its enquiries, the Company's Sponsor, Stamford Corporate Services Pte. Ltd., is satisfied that, other than disclosed in this announcement, there is no material reasons for the retirement of Mr Xu Ruibing as an Executive Director of the Company.
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
20/08/2015
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Xu Ruibing was in charge of Kin Xin Engineering Pte Ltd and oversaw the Group's operation matters.
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
767,887 ordinary shares in the Company
Past (for the last 5 years)
Nil
Present
Libra Group Limited