Change - Announcement of Cessation::Retirement of Non-Independent and Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
GS HOLDINGS LIMITED
Securities
GS HOLDINGS LIMITED - SG1CF0000001 - 43A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2024 23:07:45
Status
New
Announcement Sub Title
Retirement of Non-Independent and Non-Executive Chairman
Announcement Reference
SG240412OTHRXW29
Submitted By (Co./ Ind. Name)
Lim Kee Way Irwin
Designation
Lead Independent Director and Acting Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Independent and Non-Executive Chairman

GS Holdings Limited (the "Company") would like to highlight that both the Company and the Company's sponsor, Evolve Capital Advisory Private Limited (the "Sponsor") have made attempts to reach out to Mr Zhang Rongxuan ("Mr Zhang") but has yet to receive any response to date. The Sponsor, together with the Company, will nevertheless address any new material information relating to this cessation of Mr Zhang that is made known to it after the date of this announcement. Shareholders will be updated of such material information, if deemed necessary.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Jerry Chua, at 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906, Telephone (65) 6241 6626.

Additional Details

Name Of Person
Zhang Rongxuan
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr Zhang Rongxuan ("Mr Zhang") will retire as the Non-Independent and Non-Executive Chairman of the Company at the close of the Annual General Meeting on 30 April 2024 as he did not seek re-election upon the expiry of his term. Mr Zhang will step down from his position as the Non-Independent and Non-Executive Chairman 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
01/01/2020
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.)
Non-Independent and Non-Executive Chairman
Role and responsibilities
As above
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
Other Directorships
Past (for the last 5 years)
Shanghai Jufeel Industrial Co., Ltd.
Present
1. Hainan Zhongchen Bioengineering Co., Ltd.
2. Yunnan Weixin Internal Financial Transaction Service Co., Ltd.
3. Henan Jufeel Industry Co., Ltd
4. Suzhou Yihuotong E-Business Co., Ltd.
5. Henan Longxuan Nano Biological., Ltd.
6. Luk Hing Entertainment Group Holdings Limited