Announcement Title Change - Announcement of Cessation
Announcement Subtitle Cessation of Independent Director
Securities COSMOSTEEL HOLDINGS LIMITED (COSMOSTE)
Date & Time of Broadcast Jun 30, 2015 17:36
Submitted By Ong Chin Sum
Chief Executive Officer
Description Cessation of Independent Director
Cessation Details
Name of person Geraldine Ong Siew Ting
Age 53
Is effective date of cessation known? Yes
Effective date for cessation Jun 30, 2015
Detailed reason(s) for cessation Ms Geraldine Ong Siew Ting ("Ms Ong") has decided to step down from the Board following the recent changes to the composition of the Board which has increased the number of the Directors to a total of 9 directors. In light of this, Ms Ong has elected to step down to keep the size of the board appropriate for the Group, given the nature and scope of the Group's operations.
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 Mar 28, 2007
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 0
Job Title Independent Director, Chairman of the Remuneration Committee and member of Audit and Nominating Committee
Role and responsibilities Assumed the roles and responsibilities of an Independent Director, Chairman of the Remuneration Committee and member of Audit and Nominating Committee
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? Yes
Shareholding Details 125,000 shares in Cosmosteel Holdings Limited
Other directorships
Past (for the last 5 years) Singapore-China Youth Culture Exchange Pte. Ltd.
Threeeightnine International Holdings Pte. Ltd.
Present Drew & Napier LLC
IO Singapore DCAAS Pte. Ltd.
IO Singapore Management Pte. Ltd.
Odysseus Capital Management Pte. Ltd.
Textappealasia Private Limited
Shemen Energy Pte. Ltd.
Global East Consultancy Pte. Ltd.
FTS Pte. Ltd.
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