| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Independent Director |
| Securities | CEDAR STRATEGIC HOLDINGS LTD (CEDAR) |
| Date & Time of Broadcast | Oct 31, 2014 17:52 |
| Submitted By | Ong Beng Hong Company Secretary |
| Description | Dr In Nany Sing Charlie has been re-designated from the Group's Executive Chairman to Non-Executive Chairman and has been appointed as a member of the Audit Committee, member of the Remuneration Committee and a member of the Nominating & Corporate Governance Committee. Mr Huang Chuan has been appointed as the Chairman of the Nominating & Corporate Governance Committee in place of Mr Tay Hun Kiat. The number of cessations of appointments specified in Rule 704(6) of the Listing Manual over the past 12 months takes into account Mr Tay Hun Kiat's cessation. 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 | Tay Hun Kiat |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Oct 31, 2014 |
| Detailed reason(s) for cessation | 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 | Apr 15, 2014 |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 9 |
| Job Title | Independent Director, Chairman of Nominating & Corporate Governance Committee, Member of Audit Committee, Member of Remuneration Committee. |
| Role and responsibilities | 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) | Sino-Singapore Guangzhou Knowledge City Investment and Development Company, Limited and Guangzhou Knowledge City Ascendas Business Park Development Company, Limited |
| Present | HK Consulting Private Limited, State Motor Company (Private) Limited and State Trading Pte. Ltd. |