Change - Announcement of Cessation::Announcement of Cessation of Executive Officer

Issuer & Securities

Issuer/ Manager
JOYAS INTERNATIONAL HLDGS LTD
Securities
JOYAS INTERNATIONAL HLDGS LTD - BMG518851461 - E9L
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Nov-2020 17:39:28
Status
New
Announcement Sub Title
Announcement of Cessation of Executive Officer
Announcement Reference
SG201111OTHRO5D5
Submitted By (Co./ Ind. Name)
Lau Chor Beng, Peter
Designation
Managing Director and Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd.
(the "Sponsor"). It 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 document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Jennifer Tan, 16 Collyer Quay #10-00 Income at Raffles Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Mr Wang De Zhou
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
11/11/2020
Detailed Reason (s) for cessation
Please refer to Appendix A attached.
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?
Yes
If Yes, Please provide full details
Please refer to paragraph 1.3 of the detailed reasons for cessation set out in Appendix A attached.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Please refer to the detailed reasons for cessation set out in Appendix A attached.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
11/03/2015
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director and Director of HK Silver
Role and responsibilities
Mr Wang is mainly involved in the technical, procurement, sales and marketing activities of HK Silver. His role includes, inter alia, purchasing minerals and assessing the quality of minerals for, and managing the finances of, HK Silver.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Wang's daughter, Ms Wang Jun Zhe, holds 20% of the total issued and paid-up share capital of HK Silver.
Mr Wang's spouse, Ms Zhao Yan Hui, holds 5% of the total issued and paid-up share capital of HK Silver.
Mr Wang's brother, Mr Wang De Wei, holds 5% of the total issued and paid-up share capital of HK Silver.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Wang's family members hold in aggregate 30% of the total issued and paid-up share capital of HK Silver.
Past (for the last 5 years)
Nil
Present
Regal Winner Industrial Ltd
Fubond Mining Industry Ltd
Global Linker Industrial Ltd
Twinings Company Ltd
Bushmills Co., Ltd
Bushmills Resources Corp.

Attachments

Appendix_A.pdf
Total size =530K