Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
ZHONGXIN FRUIT AND JUICE LIMITED
Securities
ZHONGXIN FRUIT AND JUICE LTD - SG1P25916898 - 5EG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Oct-2023 17:23:12
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG231010OTHR8QGK
Submitted By (Co./ Ind. Name)
Liu Yu
Designation
Chairman and Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Lance Tan Senior Vice President, at 8 Anthony Rd, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Liu Xiuwen
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
25/10/2023
Detailed Reason (s) for cessation
Ms. Liu Xiuwen has served on the Board for more than nine years. To facilitate the Board's renewal process, Ms. Liu Xiuwen will retire as the Independent Director upon the conclusion of the forthcoming Annual General Meeting to be held on 25 October 2023 and will also cease to be Chairman of the Nominating Committee, as well as a member of the Audit Committee and Remuneration Committee. The Company has identified a suitable candidate to be appointed as an Independent Director in place of Ms. Liu Xiuwen and will make an appropriate announcement upon completion of satisfactory due diligence.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Liu Xiuwen as an independent 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?
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
01/01/2014
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Chairman of the Nominating Committee
Member of the Audit Committee and Remuneration Committee
Role and responsibilities
Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
November 2016 to November 2021: Director
of Da Hua Certified Public Accountants (in
charge of the No. 4 audit department of Liaoning Branch).
Present
Independent Director of JiLin University Information Technologies Co., Ltd.

Legal Representative and Chief Accountant of Zhongwei Certified Public Accountants.