Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD

Issuer & Securities

Issuer/ Manager
CHINA HONGXING SPORTS LIMITED
Securities
CHINA HONGXING SPORTS LIMITED - BMG2154D1121 - BR9
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Dec-2016 17:27:54
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD
Announcement Reference
SG161223OTHR0YAG
Submitted By (Co./ Ind. Name)
MADELYN KWANG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
CESSATION OF EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD

Additional Details

Name Of Person
Wu Rongguang
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
23/12/2016
Detailed Reason (s) for cessation
Mr Wu resigns due to health reasons.
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
28/04/2005
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.)
Executive Director, Chairman of the Board
Role and responsibilities
Executive Director, Chairman of the Board

As one of the founders of the China Hongxing Sports Limited Group in 2000, Mr Wu Rongguang oversaw the overall strategy and business direction of the Group. He was also responsible for the Group's public relations, product development as well as brand positioning and management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Wu Rongguang is the son of Mr Wu Hanjie, a substantial shareholder of the Company. Mr Wu Rongguang is the sibling of Mr Denis Wu, a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
463,050,000 shares in the Company.
Past (for the last 5 years)
NIL
Present
Fujian Rongzhen Shiye Stationery Co., Ltd
Fujian Quanzhou Henglong Trade and Development Co., Ltd