Change - Announcement of Cessation::Cessation of Executive Director and Chief Executive Officer
Issuer & Securities
YUUZOO NETWORKS GROUP CORPORATION
YUUZOO NETWORKS GROUP CORP - VGG9889R1001 - AFC
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Director and Chief Executive Officer
Submitted By (Co./ Ind. Name)
Lead Independent Director
Effective Date and Time of the event
Description (Please provide a detailed description of the event in the box below)
Mr. Mohandas tendered his resignation on 05 March 2019 as Executive Director and Chief Executive Officer. Mr. Mohan's resignation has been noted and accepted by the board of directors ('the Board") at the Board meeting held on Monday, 04 March 2019 and agreed to his resignation effective 18 March 2019. Mr. Mohandas will continue to serve as a Non-Executive Member of the Board.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Company unable to continue Singapore operations due to continuing share trading suspension
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?
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.)
Executive Director and Chief Executive Officer
Role and responsibilities
The Group's overall management, including overseeing the Group's day-to-day operation, steering the direction and growth of the Group's business as directed by the Board of Directors of the Company.
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?
Past (for the last 5 years)
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