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

Issuer & Securities

Issuer/ Manager
PAVILLON HOLDINGS LTD.
Securities
PAVILLON HOLDINGS LTD. - SG1I46882631 - 596
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Oct-2019 18:19:33
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Executive Officer
Announcement Reference
SG191004OTHRJHTN
Submitted By (Co./ Ind. Name)
Mr Lee Tong Soon
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

Additional Details

Name Of Person
Zheng Fengwen
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2019
Detailed Reason (s) for cessation
To pursue personal interests.
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 provide full details
The executive will be re-designated as advisor to the group specifically in respect of its real estate and finance business and continue to serve the group in such new capacity.
Date of Appointment to current position
27/03/2014
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)
3
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 Director and Chief Executive Officer
Role and responsibilities
Improve, develop, extend, maintain, advise and promote the Company's business and to protect and further the reputation, interests and success of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
The Company
Deemed: 100,000,000 Ordinary Shares

Subsidiaries of the Group
Nil
Past (for the last 5 years)
Zhongrun Resources Investment Co., Ltd.
Shandong Zhongrun Properties Co. Ltd.
Shandong Zhongrun Group Zibo Properties Co., Ltd.
Shandong Shengji Investment Co., Ltd.
Vatukoula Gold Mines PLC
Present
Pavillon Business Development (Shanghai) Co., Ltd.
Pavillon Financial Leasing Co., Ltd
Hui Bang Investment Co. Ltd
Sunlead Evergrowing Capital Co. Limited
Tianjin Pavillon Assets Management Co., Ltd.
State Research Pavillon Financial Leasing Co., Ltd.