Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA ESSENCE GROUP LTD.
Securities
CHINA ESSENCE GROUP LTD. - KYG2111N1043 - G54
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jun-2015 18:13:37
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG150625OTHRMTCX
Submitted By (Co./ Ind. Name)
Zhao Libin
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Lai Hock-Meng, Peter
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
25/06/2015
Detailed Reason (s) for cessation
To pursue other business interest.
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
29/10/2008
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.)
Independent Director, Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee
Role and responsibilities
Duties as Independent Director, Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee
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)
1) Xpres Holdings Ltd
2) WesTech Electronics Ltd
3) Metax Engineering Corp Limited
Present
1) Delong Holdings Ltd
2) CFM Holdings Limited
3) PureCircle Ltd
4) China Oilfield Technology Services Group Ltd
5) ASTI Holdings Limited
6) C Y Foundation Group Limited
7) HML Consulting Group Pte Ltd
8) Dexin Steel Pte Ltd
9) PureCircle (Shanghai) Co., Ltd
10) PureCircle (Jiangxi) Co., Ltd
11) PureCircle China Agricultural Development Co Ltd
12) Champ Buyout III Pte Ltd
13) FA Systems Automation(s) Pte Ltd
14) Char Yong (Dabu) Foundation Limited
15) Expert Global Management Limited
16) Kingbox (Asia) Limited
17) CY Management Limited
18) Ace Advantage Developments Limited
19) Ace Plus Limited
20) Ace Precise International Limited
21) Lucky Zone Holdings Limited
22) Perfect Ace Global Limited
23) Science Power Limited
24) Silkway Holdings Limited
25) Number One Ventures Limited
26) Villaway Limited
27) EC World Asset Management Pte Ltd
28) Expert Dragon Limited