Announcements
Change - Announcement Of Resignation Of Acting Chief Executive Officer
Sep 24, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 24, 2020 12:26 |
| Status | New |
| Announcement Sub Title | Resignation of Acting Chief Executive Officer |
| Announcement Reference | SG200924OTHR1R3W |
| 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 | Qian Zimin |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 16/11/2020 |
| Detailed Reason (s) for cessation | Mr. Qian currently holds the position of Acting Chief Executive Officer ("ACEO") of Yinda Infocomm Limited (the "Company") and Country Manager of Yinda Technology Singapore Pte. Ltd. Mr. Qian will cease his role of ACEO of the Company due to personal and age reasons. The sponsor after having interviewed Mr. Qian is satisfied that, saved as disclosed in the announcement, there are no other material reasons for the retirement of Mr. Qian as ACEO 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 | 15/08/2018 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Acting Chief Executive Officer |
| Role and responsibilities | Mr. Qian is responsible for providing strategic direction and formulating business and corporate policies and strategies for the continual growth of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NA |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Nanyangpost.com LLP Yinda Technology Malaysia Sdn. Bhd. Yinda Technology (Thailand) Co., Ltd Yinda Sdn. Bhd. (subsidiary of Yinda Pte. Ltd.) Yinda Pte. Ltd. Yinda Technology Myanmar Co., Ltd (subsidiary of Yinda Pte. Ltd.) |
| Present | Yinda Technology Singapore Pte. Ltd. Yinda Communication (Philippines), Inc. Yinda Technology Philippines, Inc (To be struck off) Yinda KH Technology Co., Ltd (To be struck off) |