Change - Announcement of Cessation::RESIGNATION OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR

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
05-Jul-2021 21:19:32
Status
New
Announcement Sub Title
RESIGNATION OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG210705OTHRWIH8
Submitted By (Co./ Ind. Name)
ANDREW ROACH REDDY
Designation
MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
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 Mr. Liau H.K., at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271

Additional Details

Name Of Person
Er Kwong Wah
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
05/07/2021
Detailed Reason (s) for cessation
Mr. Er Kwong Wah ("Mr. Er") has decided to focus on his other obligations and commitments by virtue of his directorships in other companies. Mr. Er will also be required to devote a substantial amount of his working hours as the lead independent director to comply with the Notice of Compliance issued by SGX-ST to another troubled listed company.

After having interviewed Mr. Er 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. Er as Lead Independent 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
20/09/2018
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director, Chairman of Audit Committee, Member of Remuneration Committee and Member of Nominating Committee
Role and responsibilities
Non-Executive
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?
No
Past (for the last 5 years)
CFM Holdings Limited
China Environment Ltd
GKE Corporation Limited
China Sky Chemical Fiber Co., Ltd (under judicial management)
China Essence Group Ltd (Delisted)
Firstlink Investments Corporation Limited (delisted)
Glopeak Land Pte Ltd
Singatronics Investment Pte Ltd
Firstlink Energy Pte Ltd
Glopeak Properties and Hotels Pte Ltd
Exquisite Concierge Pte Ltd
East Asia Institute Management Pte Ltd
Firstlink Capital Pte Ltd
Firstlink Investment Advisory Pte Ltd
China Dongyuan Environment Pte Ltd
Keluarga International Pte Ltd
Success Dragon International Holdings Ltd
China Oilfield Technology Services Group Ltd
Raffles Institution (S) Pte Ltd
Raffles Junior College (S) Pte Ltd
USP Group Limited
Firstlink Capital Management Pte. Ltd.
Firstlink Payment Solutions Pte. Ltd.
Hosted Patio Pte. Ltd.
MJ Health Services Pte. Ltd.
Portico (Prime) Pte. Ltd.
Portico Holdings Pte. Ltd.
Present
COSCO Shipping International (Singapore) Co., Ltd
The Place Holdings Ltd
Ecowise Holdings Limited
Luxking Holdings Ltd
Full Apex Holdings Ltd (under delisting)
The Thai Prime Fund Limited
RHT Training Institute Pte. Ltd.

Attachments

CRHL Announcement - Resignation of EKW 050721.pdf
Total size =103K