Change - Announcement of Cessation::Cessation of an Audit Committee Member

Issuer & Securities

Issuer/ Manager
HALCYON AGRI CORPORATION LIMITED
Securities
HALCYONAGRI US$200M3.8%PERPSEC - XS2257850409 - HJPB
HALCYON AGRI CORPORATION LTD - SG2F48989824 - 5VJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Mar-2024 18:39:12
Status
New
Announcement Sub Title
Cessation of an Audit Committee Member
Announcement Reference
SG240312OTHRNZ2F
Submitted By (Co./ Ind. Name)
Wong Teck Kow
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Sun Weiliang as a member of the Audit Committee of the Company

Additional Details

Name Of Person
Sun Weiliang
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
12/03/2024
Detailed Reason (s) for cessation
Following the re-designation of Mr Sun Weiliang ("Mr Sun") from a Non-Executive Director to the Executive Director and Chief Executive Officer ("CEO") of the Company, Mr Sun ceases as a member of the Audit Committee 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
26/12/2023
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and CEO
Role and responsibilities
Mr Sun is in charge of formulating and executing the business strategy of the Group, and of overseeing its day-to-day management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Sun does not have any familial relationship with any director and/or substantial shareholder of the Company. He is nominated by the Company's substantial shareholder, China Rubber Investment Group Co., Ltd ("CRIG"), a wholly-owned subsidiary of China Hainan Rubber Industry Co., Ltd., to be the Executive Director and CEO of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
(1) HSF Finance Co., Ltd.
(2) HSF Financial Holding Co., Ltd.
Present
(1) CRIG
(2) HSF International Capital (HK) Co., Limited