Change - Announcement of Cessation::as Executive Director

Issuer & Securities

Issuer/ Manager
SHENG SIONG GROUP LTD.
Securities
SHENG SIONG GROUP LTD - SG2D54973185 - OV8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2016 18:09:26
Status
New
Announcement Sub Title
as Executive Director
Announcement Reference
SG160427OTHRNU7C
Submitted By (Co./ Ind. Name)
Lim Hock Chee
Designation
CEO
Effective Date and Time of the event
27/04/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

Additional Details

Name Of Person
Tan Ling San
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2016
Detailed Reason (s) for cessation
Retired by rotation at the Annual General Meeting of Sheng Siong Group Ltd held on 27 April 2016 and did not seek re-election to office.
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?
Yes
If Yes, Please provide full details
Mr Tan will continue to be employed by Sheng Siong Group Ltd as a Senior Board Advisor and will provide advice and guidance on the administration and implementation of the Group's policies and strategies, and the evaluation of new growth areas for the Group's business. Mr Tan will also continue to remain as a director of both Sheng Siong Supermarket Pte Ltd and C M M Marketing Management Pte Ltd, which are subsidiaries of Sheng Siong Group Ltd, after his retirement as an Executive Director of Sheng Siong Group Ltd.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
22/06/2011
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
As Executive Director, Mr Tan was responsible for the administration and implementation of the Group's policies and strategies, and evaluating new growth areas for the Group's business.
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?
Yes
Shareholding Details
10% equity interest in Sheng Siong (China) Supermarket Co., Ltd, subsidiary of Sheng Siong Group Ltd, which has a registered capital of US$10 million.
Past (for the last 5 years)
None.
Present
Sheng Siong Supermarket Pte Ltd
C M M Marketing Management Pte Ltd

Attachments