Change - Announcement of Cessation::Resignation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
CHASWOOD RESOURCES HOLDINGS LTD.
Securities
CHASWOOD RESOURCES HLDGS LTD. - SG2E59979590 - 5TW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2015 18:31:05
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer
Announcement Reference
SG150630OTHR6REO
Submitted By (Co./ Ind. Name)
Andrew Roach Reddy
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Mr Lim Cheng Seong is resigning as the Chief Financial Officer of the Company with effect from 1 July 2015. Mr Lim's duties will be taken over by the current Group Chief Financial Officer and the finance team.

The Sponsor of the Company, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), is satisfied that there is no other material reasons for the resignation of Mr Lim Cheng Seong as the Chief Financial Officer of the Company other than as disclosed in this announcement.

This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, CIMB Bank Berhad, Singapore Branch (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 and Sponsor assume 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 Eric Wong (Director, Investment Banking), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Name Of Person
Lim Cheng Seong
Age
39
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2015
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
01/02/2011
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for the Group s financial functions including accounting, financial reporting, financial analysis and tax compliance.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil