Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA FISHERY GROUP LIMITED
Securities
CHINA FISHERY GROUP LIMITED - KYG211001212 - B0Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Jan-2020 18:02:10
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG200103OTHRGMHU
Submitted By (Co./ Ind. Name)
Tan Lay Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Tan Ngiap Joo
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
02/01/2020
Detailed Reason (s) for cessation
Mr Tan resigned as an Independent Director to reduce the number of company directorships to spend more personal time with family and friends. Consequently, he also relinquished the following roles in the Company:
- Chairman of the Investment Committee ("IC");
- Chairman of the Nominating Committee ("NC");
- Member of the Audit and Risk Management Committee ("ARMC");
- Member of the Remuneration Committee ("RC"); and
- Alternate Corporate Social Responsibility Committee ("CSRC") member to Mr Lim Soon Hock.
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
12/01/2009
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Independent Director
- Chairman of IC and NC
- Member of ARMC and RC
- Alternate CSRC member to Mr Lim Soon Hock
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
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
76,518 ordinary shares in the share capital of the Company
Past (for the last 5 years)
- Mapletree Logistics Trust Management Ltd.
- United Engineers Limited
- Banking Computer Services Private Limited
- BCS Information Systems Pte Ltd
- Breast Cancer Foundation
Present
- Oversea-Chinese Banking Corporation Limited
- OCBC Bank (Malaysia) Berhad
- OCBC Al-Amin Bank Berhad
- Mapletree India China Fund Ltd.
- Gemstone Asset Holdings Pte. Ltd.