Change - Announcement of Cessation::Resignation of Executive Chairman and Executive Director

Issuer & Securities

Issuer/ Manager
FORISE INTERNATIONAL LIMITED
Securities
FORISE INTERNATIONAL LIMITED - SG1Y70948001 - I5H
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Nov-2019 18:17:48
Status
New
Announcement Sub Title
Resignation of Executive Chairman and Executive Director
Announcement Reference
SG191130OTHRPBH3
Submitted By (Co./ Ind. Name)
Peng Weile
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Wang Xin as Executive Chairman and Executive Director of the Company.

Additional Details

Name Of Person
Wang Xin
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
29/11/2019
Detailed Reason (s) for cessation
Mr Wang relinquished his position as Executive Chairman and Executive Director of the Company due to his personal reasons.
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
19/08/2015
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Executive Director
Role and responsibilities
Executive Chairman and Executive Director. Mr Wang formulates and sets strategic directions for the Group and is responsible for the daily operation management, development and growth of the Group.
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?
Yes
Shareholding Details
Mr Wang Xin deemed to be interested in 1,132,147,800 ordinary shares in Forise International Limited, constituting 53.15% of its total issued share capital.
Past (for the last 5 years)
Nil
Present
Fu Hua Holdings Limited
Tianjin Dongyan Environmental Technology Co., Ltd.
Sichuan Chuangwu Technology Co., Ltd.
Beijing Kangji Jiahua Water Purification Technology Co., Ltd.
Forise Global Holdings Limited
Forise Capital Group Limited
Forise Management Limited