Change - Announcement of Cessation::Resignation of Executive Director
Issuer & Securities
CHINESE GLOBAL INVESTORS GROUP LTD.
CHINESE GLOBAL INVESTORS GRP - SG1N00908623 - 5CJ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Executive Director
Submitted By (Co./ Ind. Name)
U Keng Tin
Acting Chairman of the Board
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") in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST. 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 Joseph Au, Associate Director, Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, and Email: email@example.com).
Name Of Person
So Yuen Chun
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To facilitate board refreshment by pursuing other career interests.
The Board had agreed to accept his resignation on his effective date of cessation notwithstanding his notice period of 3 months. Following the cessation of Mr. So, the current Acting Chairman and Executive Director will assume his duties during this interim period. The Board is currently in the process of assessing the suitability of a replacement candidate.
After having interviewed Mr. So and to the best of its knowledge, 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 cessation of Mr. So as an Executive Director of the Company.
In addition, there are no concerns with regard to financial reporting that led to the cessation of Mr. So, and there are no disagreements between Mr. So and the Company's Board of Directors with regard to practices that will have an impact on the Company's financial reporting.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
Executive role. He is in charge of the Group's Finance, Human Resources and Operation matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
The Hong Kong Building and Loan Agency Limited