Change - Announcement of Cessation::Announcement of Cessation as CEO and Executive Chairman

Issuer & Securities

Issuer/ Manager
HU AN CABLE HOLDINGS LTD.
Securities
HU AN CABLE HOLDINGS LTD. - SG1Z40953700 - KI3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Feb-2017 18:47:42
Status
New
Announcement Sub Title
Announcement of Cessation as CEO and Executive Chairman
Announcement Reference
SG170209OTHROQUL
Submitted By (Co./ Ind. Name)
Soh Yeow Hwa
Designation
Independent Director
Description (Please provide a detailed description of the event in the box below)
Mr. Dai Zhi Xiang steps down from the position of CEO and Executive Chairman of the Company and CEO of all its subsidiaries due to outbound restriction and therefore not able to continue managing the Company. Mr. Dai Zhi Xiang also steps down from his position of Director of the Company's subsidiaries. The Company would like to record its appreciation to Mr. Dai Zhi Xiang for his effort and contributions during his tenure as CEO and Executive Chairman of the Company and CEO of all its subsidiaries.

Additional Details

Name Of Person
Dai Zhi Xiang
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
19/01/2017
Detailed Reason (s) for cessation
Mr. Dai Zhi Xiang steps down from the position of CEO and Executive Chairman of the Company and CEO of all its subsidiaries due to outbound restriction.
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
31/12/2008
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
CEO and Executive Chairman
Role and responsibilities
CEO and Executive Chairman
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
Direct Interest - 107,489,000 ordinary shares
Deemed Interest - 45,666,000 ordinary shares
Past (for the last 5 years)
NIL
Present
1. Hu An Electric (Singapore) Pte. Ltd.
2. Shenhuan Cable (Singapore) Pte. Ltd.