Change - Announcement of Cessation::Cessation as Executive Director - Mr Zhang Jian

Issuer & Securities

Issuer/ Manager
ZHONGXIN FRUIT AND JUICE LIMITED
Securities
ZHONGXIN FRUIT AND JUICE LTD - SG1P25916898 - 5EG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jun-2015 18:17:15
Status
New
Announcement Sub Title
Cessation as Executive Director - Mr Zhang Jian
Announcement Reference
SG150605OTHRQC1J
Submitted By (Co./ Ind. Name)
Ngiam Zee Moey
Designation
Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the Sponsor ) for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Thomas Lam, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Zhang Jian
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
05/06/2015
Detailed Reason (s) for cessation
Mr Zhang Jian was a nominated representative of SDIC Zhonglu Fruit Juice Co., Ltd ("SDIC"), a substantial shareholder of the Company, on the Board of Zhongxin Fruit and Juice Limited (the "Company"). Mr Zhang Jian has been re-assigned by SDIC to undertake other assignments and accordingly has resigned from the Company.

Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Zhang Jian as the Executive Director and Chairman of the Board.
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
28/03/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chairman of the Board.
Role and responsibilities
Mr Zhang Jian leads the Board and is responsible for the management of the Group.
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?
No
Past (for the last 5 years)
1. Guangdong Zhongneng Alcohol Co., Ltd.
2. Shandong Luling Fruit Juice Co., Ltd.
3. Hancheng Zhonglu Fruit Juice Co., Ltd.
4. Rushan Zhongcheng Fruit Juice and Beverage Co., Ltd.
Present
Nil