Change - Announcement of Cessation::Cessation of Independent Director and Non-Executive Director

Issuer & Securities

Issuer/ Manager
CCM GROUP LIMITED
Securities
CCM GROUP LIMITED - SG2B84959255 - 5QZ

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2014 18:33:31
Status
New
Announcement Sub Title
Cessation of Independent Director and Non-Executive Director
Announcement Reference
SG140429OTHRB3XO
Submitted By (Co./ Ind. Name)
Chan Heng Fai
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229-8088.

Additional Details

Name Of Person
Dr Tan Eng Khiam
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2014
Detailed Reason (s) for cessation
Dr Tan Eng Khiam had retired by rotation at the conclusion of the Company's annual general meeting held on 28 April 2014 and was not re-elected.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Dr Tan Eng Khiam as the Independent and Non-Executive Director of the Company.
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
10/03/2010
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
10
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director and a member of the Audit and Remuneration Committees.
Role and responsibilities
Duties as an Independent Director of the Board and a member of the Audit and Remuneration Committees.
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
1,712,200 employee share options
Other Directorships
Past (for the last 5 years)
BlueOrion Software Pte. Ltd.
Present
Unguun Pelangi Sdn Bhd; Chenco Redrock (Singapore) Pte. Ltd.; Redrock U.S. Real Estate Fund Pte. Ltd.