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Change - Announcement Of Cessation Of Independent Non-Executive Director - Chu Wen Yuan
BackOct 15, 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Independent Non-executive Director - Chu Wen Yuan |
| Securities | COURAGE MARINE GROUP LIMITED (COURAGMA) |
| Date & Time of Broadcast | Oct 15, 2015 2:03 |
| Submitted By | Lee Pih Peng Company Secretary |
| Description | There are 3 cessations (taking into account this cessation) and 3 new appointments taking place contemporaneously. |
| Cessation Details | |
| Name of person | Chu Wen Yuan |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Oct 14, 2015 |
| Detailed reason(s) for cessation | Resignation as part of the Board renewal process pursuant to disposal of shares by Sea-Sea Marine Company Limited and China Lion International Limited. |
| 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 | Aug 24, 2005 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Job Title | Independent Non-executive Director |
| Role and responsibilities | Independent director and Chairman of the Remuneration Committee and Nominating Committee. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 4000 |
| Other directorships | |
| Past (for the last 5 years) | Global Brand Manufacture Ltd (June 2010 to June 2011) |
| Present | None |