| Announcement of Cessation of Non-Executive Chairman, Member of the Audit and Remuneration Committees | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | CHINA FASHION HOLDINGS LIMITED |
| Company Registration No. | 200311696K |
| Announcement submitted on behalf of | CHINA FASHION HOLDINGS LIMITED |
| Announcement is submitted with respect to * | CHINA FASHION HOLDINGS LIMITED |
| Announcement is submitted by * | Chew Kok Liang |
| Designation * | Company Secretary |
| Date & Time of Broacast | 27-Apr-2012 20:30:13 |
| Announcement No. | 00386 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Tan Chong Huat |
| Age * | 49 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 27/04/2012 |
| Detailed Reason(s) for cessation * | Mr Tan Chong Huat retires as the Non-Executive Director of the Company at Annual General Meeting held on 27 April 2012 in order to pursue his personal interest. |
| 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 * | 08/08/2011 |
| Job Title * | Non-Executive Chairman, Member of the Audit and Remuneration Committees |
| Role and responsibilities * | Mr Tan Chong Huat is the Non-Executive Chairman. As the Chairman, he exercises control over the quality, quantity and timeliness of information flow between Management and the Board. He ensures that the Board receives accurate, timely and clear information; makes certain that Board meetings are held as and when necessary; and sets the Board's meeting agendas. He ensures that effective communication is maintained with the shareholders. The Chairman also encourages constructive relations between the Board and Management; facilitates the effective contribution of Non-Executive Directors in particular; encourages constructive relations between Executive Directors and Non-Executive Directors and; promotes high standards of corporate governance. |
| 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) * | 2 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 6 (including this announcement and the retirement of Mdm Wang Jian) |
| Interest in the listed issuer and its subsidiaries * | 111,000,000 |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Brother of Mr Tan Sin Huat, Dennis Executive Director of the Company |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | 1. Asia Environmental Holdings Ltd 2. Chasen Holdings Limited 3. Swing Media Technology Group Limited 4. Sinwa Limited 5. Renewable Energy Asia Group Limited 6. Artivision Technologies Ltd 7. Swissco Holdings Limited 8. Zhonghui Holdings Limited |
| Present * | 1. Luye Pharma Group Limited 2. Asia Water Technology Ltd 3. Ramba Energy Limited |
| Footnotes | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made. The Sponsor is satisfied, based on the enquiries made, that there are no other reasons for the resignation other than those stated in the announcement. This announcement has not been examined or approved by 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 Ms Foo Quee Yin Telephone number: 6221 0271 |
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