News| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 11, 2018 18:15 |
| Status | New |
| Announcement Sub Title | Resignation of Executive Director and Deputy Chief Executive Officer |
| Announcement Reference | SG180111OTHRRZVR |
| Submitted By (Co./ Ind. Name) | Lin Baiyin |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Executive Director and Deputy Chief Executive Officer ("CEO") |
| Additional Details | |
| Name Of Person | Kung Chi Kang, Silver |
| Age | 45 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 11/01/2018 |
| Detailed Reason (s) for cessation | To pursue personal interest. |
| 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 | 01/11/2017 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Deputy CEO |
| Role and responsibilities | Dr Kung Chi Kang assists the CEO in the running and management of Singapore's operations and overseas business. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | - Target Capital Management Limited - Asia Coal Limited - Crown One Master Fund SPC - Hyperion Limited Partnership |
| Present | N.A. |