Change - Announcement of Cessation::RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
YINDA INFOCOMM LIMITED
Securities
YINDA INFOCOMM LIMITED - SG1BF8000005 - 42F
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Jul-2018 19:24:13
Status
New
Announcement Sub Title
RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG180731OTHRHWF8
Submitted By (Co./ Ind. Name)
Song Xingyi
Designation
Non-Executive, Non-Independent Chairman
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, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the Exchange and the Exchange 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. Alicia Sun (Telephone No.: +65-6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Qian Zhongcheng
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2018
Detailed Reason (s) for cessation
Mr. Qian Zhongcheng is resigning as Chief Executive Officer and Executive Director of Yinda Infocomm Limited (the Company ) as he was promoted to Vice President of Shanghai Yinda Science and Technology Industrial Co Ltd, parent company of the Company, to oversee the development of the company.

SAC Capital Private Limited, after having interviewed Mr. Qian Zhongcheng, is satisfied that other than as disclosed in this announcement, there are no other reasons for the resignation of Mr. Qian Zhongcheng.
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
30/09/2017
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
10
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director (appointed on 30 September 2017) and Chief Executive Officer (appointed on 16 April 2018).
Role and responsibilities
Executive Director (appointed on 30 September 2017) and Chief Executive Officer (appointed on 16 April 2018).
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes, Director of Yinda Pte. Ltd., the controlling shareholders of the Company.

Cousin of Mr Qian Zimin, one of the directors of the subsidiary company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed to be interested in 120,437,180 ordinary shares or 79.23% held by Yinda Pte. Ltd. in the Company.
Past (for the last 5 years)
NIL
Present
Shanghai Yinda Labour Resource Co., Ltd
Yinda Pte. Ltd.
Yinda Technology Myanmar Co., Ltd
Yinda Technology Philippines, Inc.
Yinda KH Technology Co., Ltd
Yinda Sdn. Bhd.
Yinda Technology Singapore Pte. Ltd.
Yinda Technology (Thailand) Co., Limited
Yinda Technology Malaysia Sdn. Bhd.

Attachments

Yinda - Announcement - Resignation of Qian Zhongcheng as Executive Dir and CEO wef 310718.pdf
Total size =67K