Change - Announcement of Cessation::Retirement of Yang Zheng as Independent Director

Issuer & Securities

Issuer/ Manager
SUNPOWER GROUP LTD.
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2026 21:49:16
Status
New
Announcement Sub Title
Retirement of Yang Zheng as Independent Director
Announcement Reference
SG260429OTHR7BDC
Submitted By (Co./ Ind. Name)
Lin Jiankai
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Yang Zheng as Independent Director

Additional Details

Name of person
Yang Zheng
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date.
29/04/2026
Detailed reason(s) for cessation
Mr Yang did not seek for re-election at the AGM and will be retiring as an Independent Non-Executive Director of the Company pursuant to Bye-Law 104 of the Bye-Laws 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?
Yes
If yes, please elaborate.
The Board of Directors wishes to express its appreciation to Mr. Yang Zheng for his valuable contributions and dedicated service to the Company during his tenure and wishes him well in his future endeavours.
Date of appointment to current position
10/11/2017
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Member of Audit Committee and Nominating Committee
Role and responsibilities
Non-Executive and Independent Director
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
3
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
2015 - 2021: Independent Director, Jiangsu Kanion Pharmaceutical Co., Ltd.
2018 - 2024: Independent Director, Luenmei Quantum Co., Ltd.
2019 - 2024: Independent Director, Anhui Xinke New Materials Co., Ltd. (formerly known as Kingswood Enterprise Co., Ltd.)
Present
August 2019 - Present: President, Shenzhen Rihao Financial Intelligence Research Institute
July 2021 - Present: Independent Director, Meig Smart Technology Co., Ltd.
October 2021 - Present: Non-Independent Director, SVG Tech Group Co., Ltd.