Change - Announcement of Cessation::Resignation of Executive Director - Pu Jinbo

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 20:28:18
Status
New
Announcement Sub Title
Resignation of Executive Director - Pu Jinbo
Announcement Reference
SG190830OTHRMGVS
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 Mr Pu Jinbo as Executive Director of the Company.

Additional Details

Name Of Person
Pu Jinbo
Age
54
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.

Mr Pu Jinbo has voluntarily resigned as Executive Director of the Company but will remain as Deputy Chief Executive Officer of the Company with no change to his day-to-day responsibilities.
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
16/04/2004
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.)
Executive Director and Deputy Chief Executive Officer
Role and responsibilities
He is responsible for assisting the CEO for the development of the Group's business strategies and investment strategies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct: 182,954 shares
Deemed: 2,500 shares held by him through CGS-CIMB Securities (Singapore) Pte. Ltd.
Past (for the last 5 years)
None
Present
Foshan Southern Packaging Co., Ltd
Foshan Nanxin Packaging Co., Ltd
Southern (HK) Packaging Company Limited