Change - Announcement of Cessation::Resignation of Chen Hua Jing as Executive Director
Issuer & Securities
CHINA STAR FOOD GROUP LIMITED
CHINA STAR FOOD GROUP LIMITED - SG1CE1000003 - 42W
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chen Hua Jing as Executive Director
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Description (Please provide a detailed description of the event in the box below)
Resignation of Chen Hua Jing as Executive Director.
This announcement has been prepared by the Company and reviewed by the sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor") in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assume 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 Mr Pong Chen Yih, Chief Operating Officer, at 9 Raffles Place, #17-05 Republic Plaza Tower 1, Singapore 048619, telephone (65) 6950 2188.
Name Of Person
Chen Hua Jing
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Chen Hua Jing has decided to retire from his position as Executive Director and not seek for re-election at the Annual General Meeting held on 30 July 2019 in order for him to focus on his new position as the Vice President (Corporate Finance) of the Group. In his capacity as Vice President (Corporate Finance), Mr Chen Hua Jing will be responsible for fund raising activities, merger and acquisition activities and investor/investment analyst relation and as such, these activities will take up a majority of his time and hence his retirement as an Executive Director will allow him to focus on his new role.
Based on its enquiries, the Sponsor, after having interviewed Mr Chen Hua Jing, is satisfied that, other than as disclosed in the announcement, there are no other material reasons for the resignation of Mr Chen Hua Jing as the Executive Director of the Company.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
Executive Director. Mr Chen Hua Jing was primarily responsible for corporate finance matters (including but not limited to fundraising activities).
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
China Star Food Group Limited
Ucap Cloud Information Technology Company Ltd