Change - Announcement of Cessation::Resignation of Group Senior Vice President

Issuer & Securities

Issuer/ Manager
SUNPOWER GROUP LTD.
Securities
SUNPOWER GROUP LTD. - BMG8585U1027 - 5GD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2021 17:36:38
Status
New
Announcement Sub Title
Resignation of Group Senior Vice President
Announcement Reference
SG210426OTHRGJKF
Submitted By (Co./ Ind. Name)
Ma Ming
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Group Senior Vice President

Additional Details

Name Of Person
Gu Quan Jun
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2021
Detailed Reason (s) for cessation
Mr. Gu resigned from his position for personal reasons.
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
24/04/2017
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.)
Group Senior Vice President
Role and responsibilities
Mr. Gu oversees the Green Investment business segment of the Group
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
As at the date of the announcement, Mr. Gu holds 2,000,000 ordinary shares in the Company and 1,000,000 share options ("Options") granted to him pursuant to the Sunpower Employee Share Option Scheme 2015 ("2015 Sunpower ESOS").

Mr. Gu has been employed by the Company since April 2017 as senior vice president. In view of the long-standing employment of Mr. Gu with the Company and his contributions made to the Green Investment business of the Company during the term of his employment, pursuant to the rules of the 2015 Sunpower ESOS, the Remuneration Committee has determined, in its absolute discretion, to allow Mr. Gu to exercise the Options, to the extent unexercised, following the cessation of his employment within the relevant option period and upon the expiry of such period, such Options shall immediately lapse and become null and void.
Past (for the last 5 years)
Deputy Chairman, Zhejiang Sanxing Thermal Power Co., Ltd.
Chairman, BR Energy (Yiwu) Co., Ltd.
Present
None