CARRIERNET GBL : Announcement Of Cessation As Non-Executive Chairman And Independent Director Who Is The Audit Committe Chairman

Announcement Of Cessation As Non-Executive Chairman And Independent Director Who Is The Audit Committe Chairman

Resignation Details
Name Of Person	Lew Syn Pau
Age	57
Is Effective Date Of Cessation Known?	Yes
Effective Date Of Cessation	26/07/2011
Detailed Reason(s) for Cessation	Due to the admission of a new controlling shareholder, 3 new directors had joined the Board. Mr Lew has been on the Board of the Company since 2002 and would like to allow the Company to renew its Board membership to bring it to the next phase of development.
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	15/01/2002
Job Title	Non-executive Chairman, Independent Director, Chairman of AC and RC and Member of NC
Role and Responsibilities	Independent non-executive function
Does the AC have a minimum of 3 members (taking into account this resignation)?	Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)	1
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months	2 (excluding this announcement)
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	Nil
Other Directorship
Past Directorship (for the last five years)	RSH Limited Pairing Assets Ltd Guangzhao Industrial Forest Biotechnology Group Ltd Rockeby Biomed Limited Blue Sky Investments Ltd Magnus Energy Group Ltd Ascendas Pte Ltd Ascendas Funds Management (S) Ltd Asia Food & Properties Limited
Present Directorship	Stanbridge International Pte Ltd Poh Tiong Choon Logistics Ltd Lafe Corporation Ltd Achieva Ltd Food Empire Holdings Ltd Capital Connections Pte Ltd Stanbridge Enterprise Pte Ltd Golden-Agri Resources Ltd Lafe (Emerald Hills) Development Pte Ltd
Other Notes
Footnotes	This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange 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 Yap Wai Ming Tel: [phone] Email: [e-mail]