CNMC Goldmine Holdings Limited

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Announcement Of Cessation As Independent Director Who Is An Audit Committee Member

BackApr 27, 2012
Resignation Details
Name Of Person Lim Yeok Hua
Age 63
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 27/04/2012
Detailed Reason(s) for Cessation Mr Lim retired pursuant to Article 88 of the Company's Articles of Association at the annual general meeting of the Company held on 27 April 2012 and did not seek re-election as a Director of the Company due to heavy workload and competing time from his existing directorships in other listed companies.

The Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that other than disclosed in this announcement, there are no other material reasons for the retirement of Mr Lim Yeok Hua as the Independent Director of the Company.
Is there any difference of opinion on material matters between the person and the Board of directors? No
If yes, please elaborate NA
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
If yes, please elaborate NA
Any other relevant information to be provided to shareholders of the listed issuer? No
If yes, please elaborate NA
Date of Appointment to current position 20/09/2011
Job Title Independent Director, Chairman of Nominating Committee and member of Audit and Remuneration Committees
Role and Responsibilities Responsibilities as an Independent Director, the Chairman of the Nominating Committee and a member of the Audit and Remuneration Committees
Does the AC have a minimum of 3 members (taking into account this resignation)? No
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 2
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months Nil
Shareholding in the listed issuer and its subsidiaries Nil
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Other Directorship
Past Directorship (for the last five years) None
Present Directorship Manufacturing Integration Technology Ltd
Radiant M&A Pte. Ltd.
Radiant Management Services Pte Ltd
Tritech Group Limited
JK Tech Holdings Limited
Other Notes
Footnotes The Board of Directors of the Company will appoint an independent director who will be a member of the Audit Committee in place of Mr Lim within two months, but in any case not later than three months.

The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 28 October 2011. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of 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 Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone: (65) 6229 8088.

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