|Announcement Title||Change - Announcement of Cessation|
|Announcement Subtitle||Resignation of Chief Financial Officer|
|Securities||CHASWOOD RESOURCES HLDGS LTD. (CHASWOOD)
|Date & Time of Broadcast||Jun 30, 2015 18:31|
|Submitted By||Andrew Roach Reddy
|Description||Mr Lim Cheng Seong is resigning as the Chief Financial Officer of the Company with effect from 1 July 2015. Mr Lim's duties will be taken over by the current Group Chief Financial Officer and the finance team.
The Sponsor of the Company, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), is satisfied that there is no other material reasons for the resignation of Mr Lim Cheng Seong as the Chief Financial Officer of the Company other than as disclosed in this announcement.
This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").
The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST and Sponsor assume 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 Mr Eric Wong (Director, Investment Banking), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.
|Name of person||Lim Cheng Seong|
|Is effective date of cessation known?||Yes|
|Effective date for cessation||Jul 1, 2015|
|Detailed reason(s) for cessation||To pursue other career opportunities.|
|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||Feb 1, 2011|
|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)||0|
|Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months||1|
|Job Title||Chief Financial Officer|
|Role and responsibilities||Responsible for the Group's financial functions including accounting, financial reporting, financial analysis and tax compliance.|
|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?||No|
|Past (for the last 5 years)||Nil|