Change - Announcement of Cessation::Cessation of Executive Director
Issuer & Securities
SUNRISE SHARES HOLDINGS LTD.
SUNRISE SHARES HOLDINGS LTD. - SG0581008505 - 581
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Director
Submitted By (Co./ Ind. Name)
Zhang Zhi Liang
Executive Director and Chief Executive Officer
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, 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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Name Of Person
Ng Clarence Kar Lung
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Ng Clarence Kar Lung will step down from the board of directors as an Executive Director of the Company as he wishes to devote more time and attention to his personal matters and family commitments. He will continue to hold his executive positions within the Group, as duly disclosed on page 41 of the Company's 2018 Annual Report.
The Company's sponsor, ZICO Capital Pte. Ltd., after having interviewed Mr Ng, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Ng as an Executive Director 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and member of the Nominating Committee
Role and responsibilities
The roles and responsibilities of a director and a member of the nominating committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
- Son-in-law of Mr Wong Siu Fai (controlling shareholder of the Company)
- Husband of Ms Huang Anna Yi (Non-Executive Director of the Company)
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
- Prosperity Luck Overseas Inc.
- Central Point Investment (S) Pte. Ltd. (now known as Sunrise Wealth Management Pte. Ltd.)
- Hong Kong Tong Lin Holdings Limited
- Ample Prosperity Group Limited
- Zhong Yee (HK) Investment & Management Limited