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Change - Announcement Of Cessation Of Chief Executive Officer
BackDec 31, 2018
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 31, 2018 17:19 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Executive Officer |
| Announcement Reference | SG181231OTHRW5PQ |
| Submitted By (Co./ Ind. Name) | Mdm Chia Lay Beng |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Chief Executive Officer |
| Additional Details | |
| Name Of Person | GARY LOH HOCK CHUAN |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2018 |
| Detailed Reason (s) for cessation | The Company had appointed Mr Zhang Ye to replace Mr Gary Loh Hock Chuan |
| 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 | 15/07/2015 |
| 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) | 1 |
| 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.) | Chief Executive Officer and Vice Chairman |
| Role and responsibilities | Responsible for leading the overall strategic development of the Company and providing management leadership to the Company. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | YES |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | First Alverstone Capital Limited ( FACL ) holds 80,712,772 shares is wholly owned by Gary Loh Hock Chuan and his spouse Selena Cheng Koh Min is deemed to be interested in all the shares in FACL. |
| Past (for the last 5 years) | 1. First Alverstone Partners Pte Ltd 2. SLS Atelier Pte Ltd 3. Ajia Lighthouse China Growth Fund Limited 4. Ajia Lighthouse China Growth Master Fund Limited 5. First Alverstone Capital Ltd 6. First Alverstone Partners (Global) Ltd 7. SunMoon Food (Shanghai) Co Ltd Subsidiaries of SunMoon:- 8. SunMoon Distribution & Trading Pte Ltd 9. SunMoon Retail & Franchise Pte Ltd |
| Present | 1. First Alverstone Partners Pte Ltd 2. SLS Atelier Pte Ltd 3. Ajia Lighthouse China Growth Fund Limited 4. Ajia Lighthouse China Growth Master Fund Limited 5. First Alverstone Capital Ltd 6. First Alverstone Partners (Global) Ltd Subsidiaries of SunMoon:- 7. SunMoon Distribution & Trading Pte Ltd 8. SunMoon Retail & Franchise Pte Ltd |