Change - Announcement of Cessation::Cessation of Executive Officer
Issuer & Securities
ANCHUN INTERNATIONAL HOLDINGS LTD.
ANCHUN INTERNATIONAL HLDGS LTD - SG1CI5000000 - BTX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Officer
Submitted By (Co./ Ind. Name)
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.
Name Of Person
Li Chun Yang
Is effective date of cessation known?
If yes, please provide the date
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?
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?
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.)
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
Shareholding interest in the listed issuer and its subsidiaries?
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)
1. Hunan Anchun Advanced Technology Co., Ltd.
2. Oriental Eagle Holdings Limited