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|Announcement Title||Change - Announcement of Cessation|
|Announcement Subtitle||Cessation of Non-Executive and Independent Director|
|Securities||KOON HOLDINGS LIMITED (KOON)
|Date & Time of Broadcast||Jan 4, 2016 17:42|
|Submitted By||Tan Swee Gek
|Description||Cessation of Mr Christopher Chong Meng Tak as a Non-Executive and Independent Director of the Company.|
|Name of person||Christopher Chong Meng Tak|
|Is effective date of cessation known?||Yes|
|Effective date for cessation||Dec 31, 2015|
|Detailed reason(s) for cessation||Mr Christopher Chong Meng Tak is retiring to start the process of Board renewal and due to his own discipline of sitting on the boards of 6 listed companies only.|
|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 11, 2003|
|Does the AC have a minimum of 3 members (taking into account this cessation)?||No|
|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||0|
|Job Title||Non-Executive and Independent Director, Chairman of Audit Committee, Remuneration Committee and a member of Nominating Committee|
|Role and responsibilities||Non-Executive|
|Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries||None. Though you may wish to note that Mr Christopher Chong Meng Tak is the spouse of Ms Heather Chong, who is being appointed as Independent Director of the Company effective from 31 December 2015.|
|Shareholdings interest in the listed issuer and its subsidaries?||Yes|
|Shareholding Details||120,000 ordinary shares held in the joint names of Mr Christopher Chong Meng Tak and Ms Heather Chong
40,000 ordinary shares held in the sole name of Mr Christopher Chong Meng Tak
|Past (for the last 5 years)||Lorenzo International Ltd.
Imagi International Holdings Ltd.
Xpress Holdings Ltd.
Sky China Petroleum Services Ltd.
Alan Kelly Investments Pte. Ltd.
Newspace Fund Ltd.
ACH Ventures Ltd.
|Present||Ying Li International Real Estate Limited
GLG Corp Ltd.
ASL Marine Holdings Ltd.
Singapore O&G Ltd.
ACH Investments Pte. Ltd.
Matrix Management Pte. Ltd.
Tian-An Pty Ltd.
Lehat Holdings Pty Ltd.
Cedar Strategic Holdings Ltd.
Great Group Holdings Ltd.