Change - Announcement of Cessation::Resignation of Independent Non-Executive Director
Issuer & Securities
CHINA ENVIRONMENT LTD.
CHINA ENVIRONMENT LTD. - SG1Y42946521 - 5OU
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Non-Executive Director
Submitted By (Co./ Ind. Name)
Corp Affairs Manager
Effective Date and Time of the event
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director Mr Er Kwong Wah
Name Of Person
Er Kwong Wah
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To reduce the number of Directorships he is currently holding in line with good governance practice.
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?
If Yes, Please provide full details
Trading in the Company has been suspended pending the finalization of restatement of 2013 and 2014 accounts, and the completion of subsequent financial years, so as to enable the convening of AGMs. Mr Er joined in January 2016 and the 2013 and 2014 financial statements that are undergoing restatement were presented by the former Board
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.)
Non-Executive Independent Director
Role and responsibilities
Audit Committee Member, Remuneration Committee Member, Nominating Committee Member
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)
1. Hartawan Holdings Ltd
2. China Oilfield Technology Services Group Ltd
3. Success Dragon International Holdings Ltd (Listed in Hong Kong)
1. COSCO Shipping International (S) Ltd
2. CFM Holdings Ltd
3. The Place Holdings Ltd
4. GKE Corporation Ltd
5. ecoWise Holdings Ltd
6. Chaswood Resources Holding Ltd
7. China Essence Group Ltd (Delisted)
8. China Sky Chemical Fiber Co.,Ltd (currently under JM)