Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA SUNSINE CHEMICAL HOLDINGS LTD.
Securities
CHINA SUNSINE CHEM HLDGS LTD. - SG1V17936401 - CH8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2016 19:06:55
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG160427OTHRGLER
Submitted By (Co./ Ind. Name)
Xu Cheng Qiu
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
The cessation of Mr Tan Lye Heng Paul as the Company's Lead Independent Director, Chairman of Audit Committee, and member of the Remuneration and Nominating Committees.

Additional Details

Name Of Person
Tan Lye Heng Paul
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2016
Detailed Reason (s) for cessation
Mr Tan Lye Heng Paul has a personal preference of not seeking re-election as Independent Director for Boards which he has served for 9 years or more. He will have served beyond 9 years from the date of his first appointment if re-elected at the Annual General Meeting ("AGM") on 27 Apr 2016. Accordingly, he did not seek re-election to the office of Director at the AGM. He has relinquished his positions as Lead Independent Director and Chairman of the Audit Committee, as well as a member of the Nominating Committee and Remuneration Committee with effect from the same date.
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
18/05/2007
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead ID, AC Chairman, RC and NC Member
Role and responsibilities
Non-executive
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
Direct interest in the issuer: 150,000 shares
Past (for the last 5 years)
NIL
Present
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Yeo Yew Swee PAC