Change - Announcement of Cessation::Announcement of Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
DARCO WATER TECHNOLOGIES LIMITED
Securities
DARCO WATER TECHNOLOGIES LTD - SG1CC9000009 - BLR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2024 17:56:00
Status
New
Announcement Sub Title
Announcement of Cessation of Executive Director
Announcement Reference
SG241230OTHR04QB
Submitted By (Co./ Ind. Name)
Dr. Zhang Zhenpeng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Executive Director

Additional Details

Name Of Person
ZHAO YONG CHANG
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2024
Detailed Reason (s) for cessation
Mr Zhao Yong Chang ("Mr Zhao") is stepping down as an Executive Director of the Company to streamline the size of the Board.

Mr Zhao confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation.

Following his resignation on 31 December 2024, Mr Zhao will remain as the Chief Operating Officer and a member of the Investment Committee 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
30/06/2021
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)
3
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.)
Executive Director, Chief Operating Officer and a member of the Investment Committee of the Company
Role and responsibilities
Executive, Mr Zhao is responsible for (1) facilitating the Group's operations in terms of project sales and execution; and (2) leading the development of water environment investment projects and technologies.
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?
Yes
Shareholding Details
Mr Zhao has a direct interest in 102,500 shares in the Company.
Other Directorships
Past (for the last 5 years)
Zillionsource Technologies Pte Ltd
Present
Nil