Change - Announcement of Cessation::Resignation of Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
SUNRISE SHARES HOLDINGS LTD.
Securities
SUNRISE SHARES HOLDINGS LTD. - SG0581008505 - 581
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2019 18:37:22
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer and Executive Director
Announcement Reference
SG190930OTHRQYGA
Submitted By (Co./ Ind. Name)
Wong Siu Fai
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Zhang Zhi Liang
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2019
Detailed Reason (s) for cessation
Mr Zhang Zhi Liang ("Mr Zhang") has resigned as the Chief Executive Officer ("CEO") and Executive Director of the Company to pursue other career opportunities.

The board of directors of the Company does not expect any material adverse impact to the Group's operations following Mr Zhang's resignation. The management and operations of the Group will continue under the management of Mr Wong Siu Fai (Executive Director) and the senior management of the Group, while the Company searches for a suitable replacement for the CEO.

The Sponsor, after interviewing Mr Zhang, is satisfied that, save as disclosed in this announcement, there are no material reasons for the cessation of Mr Zhang as the CEO and Executive Director of the Company.
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
09/09/2016
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director of the Company
Role and responsibilities
Mr Zhang is responsible for leading the overall strategic development and providing management leadership to the Group.
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?
No
Past (for the last 5 years)
Guangdong Sunrise Group Limited
Present
1. Sunrise Industrial (Singapore) Pte. Ltd.
2. Hong Kong Sunrise Consultant Limited
3. Shenzhen Fuyi Investment Consultant Limited
4. Shenzhen Xudao Real Estate Development Limited
5. Shenzhen Chuanda Sunrise Research Institute Limited
6. Shenzhen Sunrise Deveopment Limited
7. Shenzhen Zhongtong Development Limited
8. Shenzhen Zhongtong Consultancy Management Limited