Change - Announcement of Cessation::Cessation of Non-independent Non-executive Director

Issuer & Securities

Issuer/ Manager
CORDLIFE GROUP LIMITED
Securities
CORDLIFE GROUP LIMITED - SG2E64980112 - P8A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Nov-2016 19:58:38
Status
New
Announcement Sub Title
Cessation of Non-independent Non-executive Director
Announcement Reference
SG161101OTHRSFKC
Submitted By (Co./ Ind. Name)
Dr Wong Chiang Yin
Designation
Executive Director and Group CEO
Description (Please provide a detailed description of the event in the box below)
Announcement on Cessation of Mr Hu Minglie as a Non-independent Non-executive Director of the Company.

Additional Details

Name Of Person
Hu Minglie
Age
34
Is effective date of cessation known?
Yes
If yes, please provide the date
01/11/2016
Detailed Reason (s) for cessation
Change in nominee director nominated by Kunlum Investment Holding Limited, a substantial shareholder.
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
29/04/2016
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-independent Non-executive Director and a member of the Nominating Committee.
Role and responsibilities
Role and responsibilities of a Non-independent Non-executive Director and a member of the Nominating Committee.
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
Hu Minglie is deemed interested in 55,509,400 shares held by Kunlum Investment Holding Limited as he holds a 56% controlling interest in Lighthouse Capital Management, LLC, the general partner of and controls Shanghai Yuanzhan Haolin Investment L.P. which owns 100% of LH Partner Assets Limited which in turn owns 95% of LH Capital I Limited which in turn owns 100% of Kunlum Investment Holding Limited.
Past (for the last 5 years)
Nil.
Present
Xingye Copper International Group Ltd