Change - Announcement of Cessation::Resignation of Executive Director - Mai Shuying

Issuer & Securities

Issuer/ Manager
SOUTHERN PACKAGING GROUP LIMITED
Securities
SOUTHERN PACKAGING GROUP LTD - SG1CG0000009 - BQP
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Aug-2019 20:29:58
Status
New
Announcement Sub Title
Resignation of Executive Director - Mai Shuying
Announcement Reference
SG190830OTHRC908
Submitted By (Co./ Ind. Name)
Pan Shun Ming
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Madam Mai Shuying as Executive Director of the Company.

Additional Details

Name Of Person
Mai Shuying
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2019
Detailed Reason (s) for cessation
This is as part of the Board restructuring following the Nominating Committee's and the Board's review and deliberation on the composition of the Board in compliance with provisions 2.2 and 2.3 of the Code of Corporate Governance 2018 and the Listing Manual of the Singapore Exchange of Securities Trading Limited.

Madam Mai Shuying has voluntarily resigned as Executive Director of the Company. She remains with the Company and will be re-designated from finance director to Chief Financial Officer as announced separately today.
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
30/12/2003
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.)
Finance Director and Executive Director
Role and responsibilities
She in-charge for the Group's finance department and is responsible in managing financial and tax matters, in particular, overseeing the fund disbursement and administrative matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Madam Mai is spouse of Pan Shun Ming (Executive Chairman and substantial shareholder of the Company) and parent of Pan Zhaojin (Deputy Chief Operating Officer and substantial shareholder of the Company)
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 17,925,265 shares of the Company
Deemed interest in 27,384,697 shares held by her spouse, Mr Pan Shun Ming
Past (for the last 5 years)
None
Present
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Southern Packaging (Jiangsu) Co., Ltd
Energetic Holdings Limited
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Foshan Nanxin Packaging Co., Ltd
Foshan Jia Bang Real Estate Co., Ltd
GuangDong Xinghua Health Drinks Co., Ltd