Change - Announcement of Cessation::Resignation of Independent Director
Issuer & Securities
8TELECOM INTL HOLDINGS CO LTD
8TELECOM INTL HOLDINGS CO LTD - BMG3087Y2074 - AZG
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Director
Submitted By (Co./ Ind. Name)
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Chen Jin as Independent Director, Member of Audit, Remuneration and Nominating Committees
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Personal reason to pursue other interests.
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?
If Yes, Please provide full details
Following Mr. Chen's resignation, the audit committee members decreased from three to two, below the minimum number required under Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited. The Company is endeavoring to identify and appoint a new independent non-executive director and a new member of the Audit Committee of the Company as soon as practicable and will make further announcement as and when appropriate.
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.)
Independent Non-Executive Director, member of Audit, Remuneration and Nominating Committees
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, member of Audit, Remuneration and Nominating Committees
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Hangzhou Zheda Technology Co., Ltd.
Zhejiang Semir Clothing Co., Ltd.
Baida Group Co., Ltd