Change - Announcement of Cessation::Announcement of Cessation of Executive Chairman and Executive Director

Issuer & Securities

Issuer/ Manager
DARCO WATER TECHNOLOGIES LIMITED
Securities
DARCO WATER TECHNOLOGIES LTD - SG1CC9000009 - BLR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jun-2021 22:43:34
Status
New
Announcement Sub Title
Announcement of Cessation of Executive Chairman and Executive Director
Announcement Reference
SG210624OTHRXHGE
Submitted By (Co./ Ind. Name)
Poh Kok Hong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Executive Chairman and Executive Director

Additional Details

Name Of Person
Wang Yaoyu
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
24/06/2021
Detailed Reason (s) for cessation
Mr Wang Yaoyu resigns due to personal 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?
Yes
If Yes, Please provide full details
Please refer to the announcement made by the Company on 24 June 2021 titled "RECEIPT OF WHISTLEBLOWER REPORT AND FOLLOW-UP ACTION TAKEN BY THE GROUP"
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
13/09/2016
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Executive Director
Role and responsibilities
Executive, Chairman of a Major Subsidiary of the Darco Group (i.e. Wuhan Kaidi Water Services Co., Ltd) as part of the Board to help formulate strategic direction and policy and responsible for Profit and Loss of a major subsidiary.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
13% deemed interest in Wuhan Kaidi Water Service Company
Past (for the last 5 years)
Wuhan Kaidi Water Service Company, Chairman
Wuhan Liankai Investment Company, Executive Director
Present
Wuhan Kaidi Water Service Company, Chairman
Wuhan Liankai Investment Company, Executive Director