Announcement Title Change - Announcement of Cessation
Announcement Subtitle Resignation of Independent Director
Securities CHINA ESSENCE GROUP LTD. (CESSENCE)
Date & Time of Broadcast Aug 3, 2015 17:26
Submitted By Yap Kong Wai
Chief Financial Officer and Company Secretary
Description Resignation of Independent Director.
Cessation Details
Name of person Shen Jianwei
Age 58
Is effective date of cessation known? Yes
Effective date for cessation Aug 3, 2015
Detailed reason(s) for cessation Pave way for Board Restructuring
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 Oct 17, 2006
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this 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 3
Job Title Independent Director, Member of Nominating, Remuneration and Audit Committees
Role and responsibilities Providing strategic corporate advisory and oversees marketing and production of the Group
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Nil
Shareholdings interest in the listed issuer and its subsidaries? No
Other directorships
Past (for the last 5 years) Nil
Present Nil
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