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

Issuer & Securities

Issuer/ Manager
8TELECOM INTL HOLDINGS CO LTD
Securities
8TELECOM INTL HOLDINGS CO LTD - BMG3087Y2074 - AZG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jul-2016 18:03:06
Status
New
Announcement Sub Title
Resignation of Executive Chairman and Chief Executive Officer
Announcement Reference
SG160726OTHRYBMT
Submitted By (Co./ Ind. Name)
Hoi Yan Joseph Tang
Designation
Executive Director and Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Ye Tianyun as Executive Chairman and Chief Executive Officer of the Company

Additional Details

Name Of Person
Ye Tianyun
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2016
Detailed Reason (s) for cessation
Resigned following completion of the disposal of the Company's subsidiaries, namely Aim Tech Network Investment Limited and East Jade International Limited to Manfaith Investments Ltd. on 21 July 2016
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
18/01/2004
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)
2
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, Chief Executive Officer and Remuneration Committee member
Role and responsibilities
Executive. Responsible for formulating the Group's strategies and plans and management of the Group as well as overseeing the development and manufacturing operations of the Group's products.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
(a) 3,895,800 shares in the Company
(b) deemed interest in the 57,131,615 shares held by Manfaith Investments Ltd. (100% owned by Mr Ye Tianyun) through its nominee, KGI Fraser Securities Pte Ltd
Past (for the last 5 years)
Nil
Present
Manfaith Investments Ltd.
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