Change - Announcement of Cessation::Resignation of Executive Director - Yang Guoqiang

Issuer & Securities

Issuer/ Manager
SUNVIC CHEMICAL HOLDINGS LIMITED
Securities
SUNVIC CHEMICAL HOLDINGS LTD - SG1U49933948 - A7S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Dec-2019 18:46:58
Status
New
Announcement Sub Title
Resignation of Executive Director - Yang Guoqiang
Announcement Reference
SG191202OTHRZ1E8
Submitted By (Co./ Ind. Name)
Sun Xiao
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director

Additional Details

Name Of Person
Yang Guoqiang
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
28/11/2019
Detailed Reason (s) for cessation
In line with the Audit Committee's recommendation in the announcement re: release of special audit report on letters of demand received by the company's wholly-owned subsidiaries in relation to corporate guarantees provided to unrelated parties dated 7 November 2019, Mr Yang has voluntarily resigned from 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
27/02/2006
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)
2
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.)
Executive Director
Role and responsibilities
Executive Director
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
190,000 ordinary shares
Past (for the last 5 years)
Nil
Present
Jiangsu Jurong Chemical Co., Ltd
Jiangsu Jurong PetroChemical Co., Ltd