Change - Announcement of Cessation::Cessation of Independent Non-executive Director - Chu Wen Yuan

Issuer & Securities

Issuer/ Manager
COURAGE MARINE GROUP LIMITED
Securities
COURAGE MARINE GROUP LIMITED - BMG2535T2089 - ATL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Oct-2015 02:03:54
Status
New
Announcement Sub Title
Cessation of Independent Non-executive Director - Chu Wen Yuan
Announcement Reference
SG151015OTHRCRX8
Submitted By (Co./ Ind. Name)
Lee Pih Peng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
There are 3 cessations (taking into account this cessation) and 3 new appointments taking place contemporaneously.

Additional Details

Name Of Person
Chu Wen Yuan
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
14/10/2015
Detailed Reason (s) for cessation
Resignation as part of the Board renewal process pursuant to disposal of shares by Sea-Sea Marine Company Limited and China Lion International Limited.
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
24/08/2005
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.)
Independent Non-executive Director
Role and responsibilities
Independent director and Chairman of the Remuneration Committee and Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
4000
Past (for the last 5 years)
Global Brand Manufacture Ltd (June 2010 to June 2011)
Present
None