Change - Announcement of Cessation::CESSATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
DAPAI INTL HLDG CO. LTD.
Securities
DAPAI INTL HLDG CO. LTD. - BMG2656V1072 - FP1

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2014 18:13:17
Status
New
Announcement Sub Title
CESSATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR
Announcement Reference
SG140429OTHRSLPU
Submitted By (Co./ Ind. Name)
CHEN XIZHONG
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Name Of Person
CHEN YONG
Age
32
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2014
Detailed Reason (s) for cessation
Mr Chen Yong retired at the conclusion of the Company's Annual General Meeting. As Mr Chen Yong resides in a country of a different time zone, he is unable to continue to devote sufficient time to the matters 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
20/10/2011
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Role and responsibilities
To provide objective judgement and collective experience and knowledge.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of Mr Chen Xizhong, the Executive Chairman of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
1. Dapai (China) Bags Co., Ltd, 2. Dapai International Holdings Co. Ltd.
Present
1. Dapai Group (Hong Kong) Limited, 2.Quanzhou Dabao Light Industry Products Co. Ltd