Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
TRITECH GROUP LIMITED
Securities
TRITECH GROUP LIMITED - SG2G71000001 - 5G9
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jul-2020 08:19:00
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG200724OTHRR0JS
Submitted By (Co./ Ind. Name)
Dr Wang Xiaoning
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST 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 Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Cai Jungang
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
23/07/2020
Detailed Reason (s) for cessation
Due to recent developments in his personal circumstances, Dr Cai Jungang has elected to tender his resignation as a Director of the Company, such offer of resignation being strictly on a without prejudice and non admission of liability basis. Due to the unforeseen need for an immediate announcement, the Sponsor has yet to complete its interview with Dr Cai Jungang and will update Shareholders in due course.
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 Company's announcement dated 24th July 2020.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
09/06/2008
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Executive Director
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?
Yes
Shareholding Details
Direct and deemed interest in 62,401,805 Ordinary Shares in the Company.
Past (for the last 5 years)
Nil
Present
1. Tritech Consultants Pte. Ltd.
2. Tritech Engineering & Testing (Singapore) Pte. Ltd.
3. Tritech Water Technologies Pte. Ltd.
4. Tritech SysEng Pte. Ltd.
5. Tritech (Qingdao) Membrane Industry Co. Ltd.
6. TGL Engineering Group Pte. Ltd.
7. Tritech Vavie (Qingdao) Healthcare Technologies Co. Ltd.