Announcements
Change - Announcement Of Resignation Of Deputy Chief Marketing Officer
Jun 26, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 26, 2020 18:00 |
| Status | New |
| Announcement Sub Title | Resignation of Deputy Chief Marketing Officer |
| Announcement Reference | SG200626OTHRCK52 |
| Submitted By (Co./ Ind. Name) | Song Xingyi |
| Designation | Non-Executive, Non-Independent Chairman |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Mr. Ong Hwee Li (Telephone +65-6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Chong Kong Yew |
| Age | 46 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/07/2020 |
| Detailed Reason (s) for cessation | To pursue other career opportunities. Mr. Chong will be serving notice until 27 July 2020. The Sponsor, after having interviewed Mr. Chong, is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Chong as Deputy Chief Marketing Officer. Mr. Chong's duties and responsibilities will be overseen by Mr Qian Zimin, the Acting Chief Executive Officer of the Company until a suitable replacement is found. The Company will keep shareholders informed accordingly. |
| 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 | 03/12/2018 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Deputy Chief Marketing Officer |
| Role and responsibilities | Mr. Chong is responsible for sales and marketing activities for the entire 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) | Yinda Technology Bangladesh Limited |
| Present | Nil |