Change - Announcement Of Cessation Of Non-Independent Non-Executive Director

BackMay 04, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast May 4, 2017 17:14
Status New
Announcement Sub Title Cessation of Non-independent Non-executive Director
Announcement Reference SG170504OTHRBLN0
Submitted By (Co./ Ind. Name) Dr Wong Chiang Yin
Designation Executive Director and Group CEO
Description (Please provide a detailed description of the event in the box below) Announcement on Cessation of Ms Wang Yi as a Non-independent Non-executive Director of the Company.
Additional Details
Name Of Person Wang Yi
Age 34
Is effective date of cessation known? Yes
If yes, please provide the date 04/05/2017
Detailed Reason (s) for cessation Change in nominee director nominated by Nanjing Xinjiekou Department Store Co. Ltd
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 01/11/2016
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 6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-independent Non-executive Director

Board Risk Committee Member
Role and responsibilities Roles and responsibilities of a Non-independent Non-executive Director and a member of the Board Risk Committee
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 Sanpower Group Corporation