News| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 3, 2018 18:12 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Director |
| Announcement Reference | SG180503OTHRX4WL |
| Submitted By (Co./ Ind. Name) | Lin Baiyin |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Please see attached file. |
| Additional Details | |
| Name Of Person | Zang Linying |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 03/05/2018 |
| Detailed Reason (s) for cessation | To pursue personal interest. |
| 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 | 18/12/2006 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Director |
| Role and responsibilities | Madam Zang Linying is Executive Director and Finance Director and is responsible for the overall financial management, accounting matters and administration functions of the Company. On 22 January 2018, she resigned as Finance Director and her appointment is redesignated from Executive to Non-Executive Director. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Nil |
| Present | Nil |
Attachments