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

Issuer & Securities

Issuer/ Manager
YONG XIN INTERNATIONAL HOLDINGS LTD.
Securities
YONG XIN INTL HOLDINGS LTD. - SG1V34936913 - CX5

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Apr-2014 01:11:16
Status
New
Announcement Sub Title
Cessation of Executive Chairman and Chief Executive Officer
Announcement Reference
SG140409OTHROEU4
Submitted By (Co./ Ind. Name)
Pu Yongfa
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Chairman and Chief Executive Officer

Additional Details

Name Of Person
Pu Yongfa
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2014
Detailed Reason (s) for cessation
Mr Pu Yongfa, who is due for retirement pursuant to Section 153(6) of the Companies Act, Cap. 50, is not seeking for re-appointment at the Annual General Meeting to be held on 25 April 2014.
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
08/03/2010
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 Chairman and CEO, and member of Nominating Committee
Role and responsibilities
Responsible for the overall management, strategic direction and growth of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
1. Father of Mr Pu Qixing (Non-Executive Director of the Company);

2. Grandfather of Ms Pu Xiaofang (Executive Director and Substantial Shareholder of the Company); and

3. Father-in-law of Madam Wang Yufen (Substantial Shareholder of the Company).
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Nil
Present
Xishan Zinc Plating Factory in China, and Wuxi Focus Electric Power Co., Ltd.