Change - Announcement of Cessation::Cessation of Non-Executive Chairman and Independent Director

Issuer & Securities

Issuer/ Manager
CHASEN HOLDINGS LIMITED
Securities
CHASEN HOLDINGS LIMITED - SG1X55941717 - 5NV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Sep-2020 17:54:30
Status
New
Announcement Sub Title
Cessation of Non-Executive Chairman and Independent Director
Announcement Reference
SG200925OTHRS0XT
Submitted By (Co./ Ind. Name)
Low Weng Fatt
Designation
Managing Director and CEO
Description (Please provide a detailed description of the event in the box below)
Mr Ng Jwee Phuan @ Frederick (Eric) ceased as a Director of the Company at the conclusion of the Annual General Meeting held on 25 September 2020. Co-terminus with his cessation, his various appointments as a member of the Audit Committee, Remuneration Committee and Nominating Committee will also cease.

Additional Details

Name Of Person
Ng Jwee Phuan @ Frederick (Eric)
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
25/09/2020
Detailed Reason (s) for cessation
Ceased at the conclusion of the Company's Annual General Meeting held on 25 September 2020.
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
06/02/2007
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)
2
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.)
Non-Executive Chairman and Independent Director, a member of the Audit Committee, Remuneration Committee and Nominating Committee.
Role and responsibilities
Assumed the role and responsibilities of a Non-Executive Chairman and Independent Director, a member of the Audit Committee, Remuneration Committee and Nominating Committee.
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?
Yes
Shareholding Details
The Company
Direct: 56,000 ordinary shares
Indirect: 1,539,125 ordinary shares

Subsidiaries of the Group
Nil
Past (for the last 5 years)
Richfield International Limited
Ephraim Resources Ltd
Present
GBM Gold Limited