Change - Announcement of Cessation::Announcement on Cessation as Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
SINOSTAR PEC HOLDINGS LIMITED
Securities
SINOSTAR PEC HOLDINGS LIMITED - SG1V73937608 - C9Q
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jan-2015 21:42:02
Status
New
Announcement Sub Title
Announcement on Cessation as Chief Executive Officer and Executive Director
Announcement Reference
SG150126OTHR2MSV
Submitted By (Co./ Ind. Name)
Zhang Liu Cheng
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Sinostar Pec Holdings Limited wishes to announce that Mr Fan Deng Chao has tendered his resignation to the Board.

The Board would like to express its appreciation to Mr Fan for his contribution as Chief Executive Officer and Executive Director of the Company.

The Company will appoint a new Chief Executive Officer to fill up the vacancy as soon as possible and will announce the appointment accordingly.

Additional Details

Name Of Person
Fan Dengchao
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
23/01/2015
Detailed Reason (s) for cessation
To pursue his personal interest.
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
06/07/2006
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)
1
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.)
Chief Executive Officer and Executive Director
Role and responsibilities
Mr Fan was responsible for the strategic development of our Group as well as overseeing the daily operations and management function of our subsidiary, Dongming Hengchang.
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
Deemed interest in the 329,996,000 shares of the Company by virtue of his 12.97% shareholding interest in the company, Intelligent People Holding Limited.
Past (for the last 5 years)
None
Present
None