Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA SKY CHEMICAL FIBRE CO., LTD.
Securities
CHINA SKY CHEM FIBRE CO., LTD. - KYG211051043 - E90
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jul-2019 16:40:20
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG190730OTHR4IBP
Submitted By (Co./ Ind. Name)
Yit Chee Wah
Designation
Judicial Manager
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director, Mr Er Kwong Wah

Additional Details

Name Of Person
Er Kwong Wah
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
29/07/2019
Detailed Reason (s) for cessation
A judicial manager was appointed over China Sky Chemical Fibre Co., Ltd. by the High Court on 14 September 2018. Pursuant to Section 277G of the Companies Act, during the period on which the judicial management order is in force, all powers conferred and duties imposed on the directors shall be exercised and performed by the judicial manager and not by directors. In view thereof, Mr Er resigned as a Non-Executive Independent Director following the judicial management order.
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
14/09/2012
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)
0
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.)
Non-Executive Lead Independent Director, AC Member, RC Chairman and NC Member
Role and responsibilities
Non-Executive Lead Independent Director, AC Member, RC Chairman and NC Member
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Firstlink Investments Corporation Ltd (Delisted)
2. Glopeak Land Pte Ltd
3. Singapore Investments Pte Ltd
4. Firstlink Energy Pte Ltd
5. Glopeak Properties and Hotels Pte Ltd
6. Exquisite Concierge Pte Ltd
7. Infinity Capital Partners (S) Pte Ltd
8. GKE Corporation Ltd
9. East Asia Institute of Management Pte Ltd
10. China Environment Ltd
11. Firstlink Capital Pte Ltd
12. Firstlink Investments Advisory Pte Ltd
13. China Dongyuan Environment Pte Ltd
14. Keluarga International Pte Ltd
15. Success Dragon International Holdings Ltd
16. China Oilfield Technology Services Group Ltd
17. Raffles Institution (S) Pte Ltd
18. Raffles Junior College (S) Pte Ltd
19. Tsao Foundation
Present
1. COSCO Shipping International (S) Co., Ltd
2. CFM Holdings Ltd
3. China Essence Group Ltd (Delisted)
4. The Place Holdings Ltd
5. The Thai Prime Fund Ltd (Unlisted)
6. ecoWise Holdings Ltd
7. Chaswood Resources Holdings Ltd