Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR
Issuer & Securities
CFM HOLDINGS LIMITED
CFM HOLDINGS LIMITED - SG1P02915996 - 5EB
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Lo Kim Seng ("Mr. Lo") as an Independent Director, Chairman of the Nominating Committee, a member each of the Audit Committee and Remuneration Committee.
This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Ms Foo Quee Yin, at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271
Name Of Person
Lo Kim Seng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To focus on work and other directorships.
After having interviewed Mr. Lo Kim Seng and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Lo Kim Seng as Independent 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?
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.)
Independent Director, Chairman of the Nominating Committee, a member each of the Audit Committee and Remuneration Committee.
Role and responsibilities
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)
Morgan Lewis Stamford LLC
ecoWise Holdings Limited
Fragrance Group Limited
Bruxelles Investments Private Limited,
SGA Kaltim Pte. Ltd.
Bayfront Law LLC
CFM Holdings Limited
No Signboard Holdings Ltd
Vidor Services Pte Ltd
Age Intertrade Singapore Pte. Ltd.