Change - Announcement Of Resignation Of Executive Director - Wang Jiyu
BackJan 26, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 26, 2021 21:19 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF EXECUTIVE DIRECTOR - WANG JIYU |
| Announcement Reference | SG210126OTHRV03U |
| Submitted By (Co./ Ind. Name) | Pang Kee Chai, Jeffrey |
| Designation | Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Executive Director of the Company, Wang Jiyu This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201. |
| Additional Details | |
| Name Of Person | Wang Jiyu |
| Age | 38 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/02/2021 |
| Detailed Reason (s) for cessation | Mr Wang Jiyu ("Mr Wang") had, on 25 January 2021, tendered his resignation as the Executive Director of the Company. Mr Wang decided to reunite with his family in China as due to Covid-19 border controls, he was not able to travel between China and Singapore freely. Mr Wang is currently serving his notice period and pursuant to mutual agreement with the Group, his last day of employment with the Group will be 31 January 2021. Mr Wang's role and responsibilities as the Executive Director of the Company will be taken over by Mr Pang Kee Chai, Jeffrey, Chief Executive Officer and Executive Director of the Company. After having interviewed Mr Wang and to the best of its knowledge, the Company's sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no material reasons for the resignation of Mr Wang as the Executive Director of the Company. |
| 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 | 05/05/2020 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Role and responsibilities | Mr Wang Jiyu is in charge of the Group's fund raising projects and new business or asset acquisitions of the Group. |
| 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) | Nil |
| Present | 1) One Capital Securities Ltd 2) Wisdom Wealth Global Ltd |