| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | CESSATION OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER |
| Securities | CEDAR STRATEGIC HOLDINGS LTD (CEDAR) |
| Date & Time of Broadcast | Oct 15, 2014 20:22 |
| Submitted By | Ong Beng Hong Company Secretary |
| Description | Number of Independent Directors currently resident in Singapore (taking into account this cessation) includes Mr Teo Moh Gin, who has just been appointed as an Independent Director on the same day. Number of cessations of appointments specified in Catalist Rule 704 (6) over the past 12 months takes into consideration of the cessation of Mr Azman Hisham Bin Jaafar who is resigning on the same day. This announcement has been prepared by Cedar Strategic Holdings Ltd. (the ''Company'') and its contents have been reviewed by the Company's Continuing Sponsor, Stamford Corporate Services Pte. Ltd. (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 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 Company's Sponsor is Mr Ng Joo Khin whose details are set out below: Telephone number: +65 6389 3000 Email: jookhin.ng@stamfordlaw.com.sg |
| Cessation Details | |
| Name of person | Chua Cheow Khoon Michael |
| Age | 64 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Oct 15, 2014 |
| Detailed reason(s) for cessation | To pursue his other commitments. |
| 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 | Dec 19, 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 8 |
| Job Title | Lead Independent Director, Chairman of Audit Committee, member of Nominating and Corporate Governance Committee and member of Remuneration Committee. |
| Role and responsibilities | Lead Independent Director. |
| 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) | MEGA-ZINE Pte Ltd Onezine Pte Ltd |
| Present | JB Foods Limited Cogent Holdings Limited BMD Consulting Pte Ltd |