| Announcement of Cessation of Group Financial Controller |
| * Asterisks denote mandatory information |
| Name of Announcer * | CHINA SKY CHEM FIBRE CO., LTD. |
| Company Registration No. | CT-146759 |
| Announcement submitted on behalf of | CHINA SKY CHEM FIBRE CO., LTD. |
| Announcement is submitted with respect to * | CHINA SKY CHEM FIBRE CO., LTD. |
| Announcement is submitted by * | HUANG ZHONG XUAN |
| Designation * | Chief Executive Officer and Executive Director |
| Date & Time of Broacast | 10-Feb-2012 21:50:53 |
| Announcement No. | 00211 |
| Price Sensitivity | Yes |
| Name * | Hui San Wing |
| Age * | 42 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 10/02/2012 |
| Detailed Reason(s) for cessation * | Resignation of directors resulting in the lack of leadership, guidance and support from Chief Executive Officer and independent directors. |
| Is there any difference of opinion on material matters between the person and the Board of directors? * | No |
| If yes, please elaborate * | NA |
| 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 |
| Date of Appointment to current position * | 22/02/2006 |
| Job Title * | Group Financial Controller |
| Role and responsibilities * | Financial administration and accounting function of the Group, as well as the compliance and financial reporting requirements. |
| 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 resignation) * | 0 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 5 |
| Interest in the listed issuer and its subsidiaries * | Nil. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil. |
