Change - Announcement of Cessation::RETIREMENT OF NON-EXECUTIVE CHAIRMAN AND INDEPENDENT DIRECTOR OF THE COMPANY

Issuer & Securities

Issuer/ Manager
CHINA SHENSHAN ORCHARD HOLDINGS CO. LTD.
Securities
CHINA SHENSHAN ORCHARD HLDGS - BMG2860H2096 - BKV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Apr-2024 00:08:44
Status
New
Announcement Sub Title
RETIREMENT OF NON-EXECUTIVE CHAIRMAN AND INDEPENDENT DIRECTOR OF THE COMPANY
Announcement Reference
SG240411OTHR0Y72
Submitted By (Co./ Ind. Name)
Zhao Chichun
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of the retirement of Mr. Ho Teck Cheong as Non-Executive Chairman of the Board of Directors of the Company ("Board") and Independent Director of the Company.

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. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Ho Teck Cheong
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Mr. Ho Teck Cheong has served as an Independent Director of the Company for more than nine years from the date of his first appointment. In the spirit of good corporate governance, Mr. Ho Teck Cheong, who will be retiring as a Director of the Company pursuant to Bye-law 86(1) of the Bye-Laws of the Company and will not be seeking re-election as Non-Executive Chairman of the Board and Independent Director of the Company at the Company's forthcoming annual general meeting to be held on 26 April 2024 ("AGM"). Accordingly, he shall retire as the Non-Executive Chairman of the Board, Independent Director of the Company, the Chairman of the AC and a member of the NC and the RC at the conclusion of the AGM.

After having interviewed Mr. Ho Teck Cheong and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Ho Teck Cheong.
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
01/04/2011
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)
1
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.)
Non-Executive Chairman of the Board, Independent Director of the Company, Chairman of the AC as well as a member of the RC and the NC
Role and responsibilities
Assumed the roles and responsibilities of Non-Executive Chairman of the Board, Independent Director of the Company, Chairman of the AC as well as a member of the RC and the NC
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?
No
Past (for the last 5 years)
Nil
Present
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