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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 16, 2021 17:53 |
| Status | New |
| Announcement Sub Title | Cessation of Non-Independent and Non-Executive Director |
| Announcement Reference | SG210216OTHRFK70 |
| 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 | LIU YUAN YUAN |
| Age | 36 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 16/02/2021 |
| Detailed Reason (s) for cessation | Following the approval of the proposed reorganisation plan by Sheng Shi Mingyi (Shanghai) Management Co., Ltd by the Shanghai No. 3 Intermediate People s Court as announced by the Company on 4 February 2021, Ms Liu Yuanyuan be returning to the 3 YG Entities, namely Shanghai Yiguo E-Commerce Co., Ltd, Shanghai Winchain Supply chain Management Co., and Shanghai Exfresh Logistic Co Ltd, to focus on the proposed restructuring. |
| 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 | 22/05/2018 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Member of the 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 | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | SUNMOON DISTRIBUTION & TRADING PTE. LTD. SUNMOON RETAIL & FRANCHISE PTE .LTD. |
| Present | SUNMOON DISTRIBUTION & TRADING PTE. LTD. SUNMOON RETAIL & FRANCHISE PTE .LTD. |