Investors Relations
Delivering nature's goodness to everyone.
Change - Announcement Of Cessation Of Non-Independent And Non-Executive Director
BackDec 31, 2018
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 31, 2018 17:24 |
| Status | New |
| Announcement Sub Title | Announcement Sub Title Cessation of Non-Independent and Non-Executive Director |
| Announcement Reference | SG181231OTHRVH4K |
| 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 Non-Independent and Non-Executive Director |
| Additional Details | |
| Name Of Person | WANG AI |
| Age | 45 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2018 |
| 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 | 27/10/2017 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Member of Remuneration Committee, Member of Nominating Committee, Member of Audit & Risk Committee and Member of Board of Directors |
| Role and responsibilities | Non-Executive |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | 2017: Senior Vice President, Corporate Development and Investments at Yiguo Group. 2003-2017: Vice President, Corporate Development and Investments at Global Sources. |
| Present | 1. Senior Vice President, Corporate Development and Investments in Shanghai Yiguo E-Commerce Co. Ltd. 2. President in Yiguo Hong Kong. |