Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
DEBAO PROPERTY DEVELOPMENT LTD.
Securities
DEBAO PROPERTY DEVELOPMENT LTD - SG1CH6000001 - BTF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Dec-2021 22:25:46
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG211229OTHRTTRB
Submitted By (Co./ Ind. Name)
Zhong Yuzhao
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Lai Hock Meng
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
To pursue new career opportunity.
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
20/07/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee.
Role and responsibilities
None.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Huanghe Holdings Pte Ltd
2. Universal Joy Global Limited
3. PureCircle (Shanghai) Co., Ltd
4. Tee International Limited
5. Global Wellness Group Pte Ltd
6. Stamford Raffles Consultants Pte Ltd
7. Transcorp Holdings Limited
8. DCM Asia Pte Ltd
9. Riverside Asia Pacific Fund II Pte Ltd
10. Riverside Asia Partners Pte Ltd
11. Dragon Group International
12. PureCircle (Jiangxi) Co., Ltd.
13. JY Logistic Investment Pte Ltd
14. Richwin Investment Pte Ltd
15. Richport Investment Pte Ltd
16. Prorich Investment Pte Ltd
17. Magnasset Investment Pte Ltd
18. Fullwealth Investment Pte Ltd
19. EC World Asset Management Pte Ltd
20. CFM Holdings Limited
21. ASTI Holdings Limited
22. Pure Circle Ltd
23. Dexin Steel Pte Ltd
24. Delong Holdings Ltd
25. Wellbeing Healthtech Pte Ltd
Present
1. Champ Buyout III Pte Ltd
2. Char Yong (Dabu) Foundation Limited
3. HML Consulting Group Pte. Ltd
4. Playhood Pte Ltd
5. PT Dexin Steel Indonesia
6. Cosmic Capital Limited
7. SB Global Ventures Pte Ltd
8. Quanshan Capital Management Pte Ltd
9. Quanshan Investment & Development (Singapore) Pte Ltd
10. PICADS Sdn Bhd
11. Quanshan Tourism Development Pte Ltd
12. Champ Private Equity Pte Ltd
13. Champ Singapore HoldCo Pte Ltd
14. Champ IV Holdings Pte Ltd
15. PureCircle Ltd
16. Amaara Healthtec Pte Ltd