China Ceramics announces board member resignations

Two board members have tendered their resignations at China Ceramics Co., Ltd., the company announced Monday.

"I would like to thank Paul Kelly for his leadership and experience in his role as Chairman and appreciate the active engagement of Cheng Davis in her role as a director," said Jiadong Huang, CEO. "We highly value both Paul and Cheng's contributions and believe that our company is stronger for their efforts. We will look to add qualified independent board members to our Board in the period ahead."

Paul Kelly, who served as non-executive chairman of the board, has resigned effective Nov. 27 due to personal demands. Kelly had been chairman and CEO of China Ceramics' predecessor company from its inception in 2007. He had been a board member with China Ceramics since 2009.

Cheng Yan Davis has resigned effective Dec. 31, also citing external demands. Like Kelly, she has been with the board since August 2009 and was a board member of the predecessor company since 2007.

The company's board of directors is now comprised of two independent directors. Replacements are currently being sought.