CHINA ESSENCE GROUP LTD. (the 'Issuer')
(Incorporated in the Cayman Islands) (Registration No. CT-152302)
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RECONSTITUTION OF THE BOARD AND BOARD COMMITTEES_
The Board of Directors ('Board') of China Essence Group Ltd. (the 'Company') wishes to announce the following:-
Mr Ho Soo Jeow Eric has been appointed as Executive Director of the Company with effect from 8 December 2015.
Mr Tan Chee How and Mr Ho Soo Hui have been appointed as Non-Executive Directors of the Company with effect from 8 December 2015.
Mr Yip Mun Foong has been appointed as Independent Non-Executive Director of the Company with effect from 8 December 2015.
The Board has considered Mr Yip Mun Foong as independent for the purpose of Rule 704(8) of the Listing Manual of Singapore Exchange Securities Trading Limited.
The details of Mr Yip Mun Foong, Mr Tan Chee How and Mr Ho Soo Hui, as required under Rule 704(7) of the Listing Manual, are contained in separate announcements released today.
The Company has procured undertakings from Mr Yip Mun Foong, Mr Tan Chee How and Mr Ho Soo Hui, (in the format set out in Appendix 7.7) under Rule 720(1) of the Listing Manual.
Consequent to the above changes, the new composition of the Board and Board Committees shall henceforth be as follows:-
Board of Directors
Mr Er Kwong Wah Independent Non-Executive Chairman
Mr Ho Soo Jeow Eric Executive Director
Mr Yip Mun Foong Independent Non-Executive Director
Mr Tan Chee How Non-Executive Director
Mr Ho Soo Hui Non-Executive Director
Audit Committee
Mr Yip Mun Foong Chairman
Mr Er Kwong Wah Member
Mr Ho Soo Hui Member
Nominating Committee
Mr Er Kwong Wah Chairman
Mr Yip Mun Foong Member
Mr Tan Chee How Member
Remuneration Committee
Mr Er Kwong Wah Chairman
Mr Yip Mun Foong Member
Mr Tan Chee How Member
Er Kwong Wah
Independent Non-Executive Chairman 8 December 2015
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