Change - Announcement of Cessation::ANNOUNCEMENT OF RESIGNATION OF AN EXECUTIVE DIRECTOR
Issuer & Securities
JOYAS INTERNATIONAL HLDGS LTD
JOYAS INTERNATIONAL HLDGS LTD - BMG518851461 - E9L
JOYAS INTERNATIONAL W160125 - BMG518851206 - NC3W
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
ANNOUNCEMENT OF RESIGNATION OF AN EXECUTIVE DIRECTOR
Submitted By (Co./ Ind. Name)
Lau Chor Beng, Peter
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness, correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr. Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229-8088.
Name Of Person
CHEUNG WAI HUNG, DANNY
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Cheung Wai Hung, Danny has informed the Company of his decision to resign as an Executive Director of the Company in order to focus on the metal gifts business of the Group. Mr Cheung will remain as the Chief Administrative Officer in Royce Gifts & Accessories Limited, a subsidiary of the Group.
Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Cheung Wai Hung, Danny as the Executive Director of the Company.
The Board of Directors thanks Mr Cheung Wai Hung, Danny for his contributions and years of dedication to 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
In charge of the overall operations and sales of the metal gifts product segment of the Group
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Cheung Wai Hung, Danny is the brother-in-law of Lau Chor Beng, Peter, an Executive Director and substantial shareholder of the Company of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)