Change - Announcement of Cessation::Resignation of Mr Jin Xin

Issuer & Securities

Issuer/ Manager
JES INTERNATIONAL HOLDINGS LIMITED
Securities
JES INTERNATIONAL HOLDINGS LTD - SG1W40939082 - EG0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-May-2015 20:33:41
Status
New
Announcement Sub Title
Resignation of Mr Jin Xin
Announcement Reference
SG150525OTHRKAP4
Submitted By (Co./ Ind. Name)
LIM KOK MENG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Please refer to the following details.

Additional Details

Name Of Person
JIN XIN
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
25/05/2015
Detailed Reason (s) for cessation
Mr Jin Xin tendered his resignation due to health issues.
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
18/08/2006
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Jin Xin oversaw the overall management and operations of the Group and is also responsible for formulating the business strategies and policies of the Group. Mr Jin before his resignation was also primarily focused on the restructuring of the Group's affected subsidiaries in the People's Republic of China.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes, Mr Jin Xin is the father of the incumbent Chief Executive Officer, Ms Jin Yu.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Jin Xin holds 76% of the issued share capital of JES Overseas Investment Limited. Accordingly, he is deemed to have interests in all the shares held by JES Overseas Investment Limited in the capital of JES International Holdings Limited.
HSBC (Singapore) Nominees Pte Ltd holds 1,300,000 shares in the capital of JES International Holdings Limited as Mr Jin Xin s nominee.
Past (for the last 5 years)
No
Present
No