Change - Announcement of Cessation::Cessation of Executive Officer

Issuer & Securities

Issuer/ Manager
ANCHUN INTERNATIONAL HOLDINGS LTD.
Securities
ANCHUN INTERNATIONAL HLDGS LTD - SG1CI5000000 - BTX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Mar-2019 18:27:55
Status
New
Announcement Sub Title
Cessation of Executive Officer
Announcement Reference
SG190319OTHRI2H7
Submitted By (Co./ Ind. Name)
Xie Ming
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Li Chun Yang ("Mr Li") as Head of Sales and Marketing Department of the Company.

Additional Details

Name Of Person
Li Chun Yang
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
20/03/2019
Detailed Reason (s) for cessation
Mr Li has decided to retire and step down as Head of Sales and Marketing Department after 25 years with the Group.

However, Mr Li will continue to serve as Non-Executive Director of the Company's wholly owned subsidiary, Hunan Anchun Advanced Technology Co., Ltd.
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
25/10/2010
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head of Sales and Marketing Department
Role and responsibilities
Responsible for the Group's sales and marketing and maintenance of customer relationships.
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?
Yes
Shareholding Details
Deemed to be interested in 5,110,000 shares held by Oriental Eagle Holdings Limited and 107,500 shares held in the name of a nominee account.
Past (for the last 5 years)
Nil
Present
1. Hunan Anchun Advanced Technology Co., Ltd.
2. Oriental Eagle Holdings Limited