Change - Announcement of Cessation::Cessation of Mr Peter Lai as President of CWG Development LLC

Issuer & Securities

Issuer/ Manager
CWG INTERNATIONAL LTD.
Securities
CWG INTERNATIONAL LTD. - SG1AA6000000 - ACW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Oct-2017 18:18:11
Status
New
Announcement Sub Title
Cessation of Mr Peter Lai as President of CWG Development LLC
Announcement Reference
SG171025OTHRWWMG
Submitted By (Co./ Ind. Name)
Qian Jianrong
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Peter Lai as President of CWG Development LLC

Additional Details

Name Of Person
Peter Zhidong Lai
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
25/10/2017
Detailed Reason (s) for cessation
To pursue other career opportunities.
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
29/08/2016
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)
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.)
President of CWG Development LLC
Role and responsibilities
Overall direction and strategy of the Group's operations in the United States of America
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?
No
Past (for the last 5 years)
Nil
Present
Nil