Change - Announcement of Cessation::Resignation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
SUNRISE SHARES HOLDINGS LTD.
Securities
SUNRISE SHARES HOLDINGS LTD. - SG0581008505 - 581
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Jul-2021 20:01:14
Status
New
Announcement Sub Title
Resignation of Executive Director and Chief Executive Officer
Announcement Reference
SG210707OTHRE8SD
Submitted By (Co./ Ind. Name)
Shirley Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors 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 announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Foo Quee Yin, at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271

Additional Details

Name Of Person
Zhang Zhi Liang
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
03/08/2021
Detailed Reason (s) for cessation
Mr. Zhang Zhi Liang will step down from the Board of Directors as an Executive Director and Chief Executive Officer of the Company for personal reasons and he wishes to devote more time to explore other business opportunities.

After having interviewed Mr. Zhang Zhi Liang and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Zhang Zhi Liang as Executive Director and Chief Executive Officer of the Company.
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
23/07/2020
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)
1
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 and Chief Executive Office.
Role and responsibilities
Executive Director and Chief Executive Office. Mr. Zhang was responsible for managing and supervising the day-to-day operations of the Company, as well as be responsible for leading the overall strategic development and providing management leadership to the Company.
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?
No
Past (for the last 5 years)
2020 - 2021
Shenzhen Sunrise Development Limited

2020 - 2021
Shenzhen Kimshek Construction Project Management Limited

2020 - 2021
Shenzhen Kimshek Consultancy Management Limited

2017 - 2020
Sunrise Industrial (Singapore) Pte. Ltd.

2019 - 2020
Shenzhen Fuyi Investment Consultant Limited

2019 - 2020
Shenzhen Xudao Real Estate Development Limited

2017 - 2019
Sunrise Investment Limited

2016 - 2019
Sunrise Shares Holdings Ltd.

2016 - 2019
Hong Kong Sunrise Consultant Limited

2012 - 2016
Guangdong Sunrise Group Limited
Present
2013 - Present
Shenzhen Chuanda Sunrise Research Institute Limited