| Resignation Details | |
| Name Of Person | Sun Jiangrong |
| Age | 42 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 03/12/2009 |
| Detailed Reason(s) for Cessation | Subsequent to the liquidators assuming control of Thumb (China) Holdings Group Limited, the Company and Mr Sun mutually agreed that Mr Sun steps down from the Board to pursue other interest and opportunities. |
| 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 | 21/11/2007 |
| Job Title | Non-Executive Chairman |
| Role and Responsibilities | Non-Executive Director |
| 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) | 1 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 2 |
| Shareholding in the listed issuer and its subsidiaries | Mr Sun Jiangrong is deemed to be interested in 138,235,390 shares held by Thumb (China) Holdings Group Limited ("Thumb"), as he is the sole shareholder of Thumb. |
| 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) | China-Environment Technology (Holding) Limited Fujian Beanburg Children Products Co., Ltd Fujian Thumb Environment Facilities Co., Ltd Fujian Thumb Env-Prot Water Works Co., Ltd Fujian Gutian Thumb Agricultural Development Co., Ltd Fuzhou Guangxin Food Co., Ltd Sino-Environment Waste Management Technology Pte Ltd Quanzhou Hongsheng Light Industry Co., Ltd |
| Present Directorship | Chongqing Thumb Engineering Co., Ltd Fujian Fude Desai Environmental Protection Co., Ltd Fujian Thumb Enterprise Co., Ltd Fujian Weidong Environmental Protection Technology Co., Ltd Hong Kong Beanburg Int'l Development Co., Limited Thumb (China) Holdings Group Limited Thumb Env-Tech Group (Fujian) Co., Ltd Sino-Environment Clean Power Technology Pte Ltd Sino-Environment Technology Group Limited |
| Other Notes | |
| Footnotes | Please refer to the announcement dated 2 December 2009 on the cessation of Mr U Kean Seng as a Non-Executive Director of the Company. Prior to his cessation as a Non-Executive Director of the Company, Mr U Kean Seng was a member of each of the Company's Audit Committee, Remuneration Committee and Nominating Committee (each, a "Committee"). Subsequent to the cessation of Mr U Kean Seng as a Non-Executive Director of the Company, each Committee comprises Mr Chan Thye Aun Ivan and Mr Dali Kumar @ Dali Bin Sardar. The Company is therefore not in compliance with the following guidelines of the Code of Corporate Governance 2005 (the "Code"): (1) Guideline 4.1 of the Code ("Guideline 4.1") which states inter alia that a Nominating Committee should comprise at least three directors, a majority of whom, including the chairman, should be independent. (2) Guideline 11.1 of the Code ("Guideline 11.1") which states inter alia that an Audit Committee should comprise at least three directors, all non-executive, a majority of whom, including the chairman, should be independent. The Board is currently assessing the relevant suitable replacement(s) for the purposes of compliance with Guideline 4.1 and Guideline 11.1. |