Change - Announcement of Cessation::as Executive Director
Issuer & Securities
SHENG SIONG GROUP LTD.
SHENG SIONG GROUP LTD - SG2D54973185 - OV8
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
as Executive Director
Submitted By (Co./ Ind. Name)
Lim Hock Chee
Effective Date and Time of the event
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.
Name Of Person
Tan Ling San
Is effective date of cessation known?
If yes, please provide the date
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
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?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
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
Shareholding interest in the listed issuer and its subsidiaries?
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)
Sheng Siong Supermarket Pte Ltd
C M M Marketing Management Pte Ltd
Total size =106K