Change - Announcement of Cessation::Cessation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
FUJIAN ZHENYUN PLASTICS INDUSTRY CO., LTD
Securities
FUJIAN ZHENYUN PLAS IND CO LTD - CNE1000007L2 - 5KT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-May-2017 17:23:40
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG170517OTHRYM31
Submitted By (Co./ Ind. Name)
Shirley Tan
Designation
Company Secretary
Effective Date and Time of the event
18/05/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents reviewed by its Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and 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 Mr Ong Hwee Li (Tel : (65) 6221 5590) at 1 Robinson Road, #21-02, AIA Tower, Singapore 048542. SAC Capital Private Limited is the parent company of SAC Advisors Private Limited.

Additional Details

Name Of Person
Ho Shian Ching
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
18/05/2017
Detailed Reason (s) for cessation
Mr Ho Shian Ching ("Mr Ho") has decided to resign as Chief Financial Officer ("CFO") of the Company of his own accord to pursue other career opportunities. Mr Ho is unable to continue in his capacity as CFO following the cessation of both of the Company's Independent Directors. The Executive Directors of the Company are also not contactable. In addition, he was not paid salaries since the last quarter of 2014.

The Company's Sponsor, SAC Capital Private Limited, has contacted Mr Ho and based on its enquiries, is satisfied that other than as disclosed in the announcement, there are no material reasons for Mr Ho's resignation.

In addition, other than previously announced, there are no concerns in regard to financial reporting that led to the cessation of Mr Ho and there has not been any disagreement with regard to practices that will have an impact on the Company's financial reporting.
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
01/12/2007
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief financial officer
Role and responsibilities
Financial accounting activities of the Group
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?
No
Past (for the last 5 years)
Fu Mao International Trading & Investment Pte Ltd
Leeward Resources Pte Ltd
Present
nil