ANNOUNCEMENT OF CESSATION AS CHIEF EXECUTIVE OFFICER

* Asterisks denote mandatory information

Name of Announcer *
CHINA HONGXING SPORTS LIMITED
Company Registration No.
36746
Announcement submitted on behalf of
CHINA HONGXING SPORTS LIMITED
Announcement is submitted with respect to *
CHINA HONGXING SPORTS LIMITED
Announcement is submitted by *
MADELYN KWANG
Designation *
COMPANY SECRETARY
Date & Time of Broadcast
03-Jan-2014 18:42:32
Announcement No.
00134

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
Name of person *
LAN ZHONGMING
Age *
41
Is Effective Date of Cessation known? *
Yes
04/01/2014
Detailed Reason(s) for cessation *
Mr. Lan decided to resign due to personal reasons. He would like to spend more time with his family in the future and current working location cannot fully support him for this.
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
If yes, please elaborate *
NA
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
If yes, please elaborate *
NA
Any other relevant information to be provided to shareholders of the listed issuer? *
No
If yes, please elaborate *
NA
Date of Appointment to current position *
01/09/2013
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) *
Chief Executive Officer
Role and responsibilities *
Mr Lan oversaw the overall business strategy, operations and day-to-day management of the affairs of the Group. He is also responsible for the Groups overall management and operations of the Finance, Production and Administration Departments.
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) *
3
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months *
1 (auditors), 1 (CEO), 2 (ED)
Interest * in the listed issuer and its subsidiaries *
Nil
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Nil

OTHER DIRECTORSHIPS

Past (for the last 5 years) *
Nil
Present *
Nil
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