Change - Announcement of Cessation::Retirement of General Manager of Shanxi Wanshida Engineering Plastics Co., Ltd.

Issuer & Securities

Issuer/ Manager
MIDAS HOLDINGS LIMITED
Securities
MIDAS HLDGS LIMITED - SG1P73919000 - 5EN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Oct-2015 17:41:08
Status
New
Announcement Sub Title
Retirement of General Manager of Shanxi Wanshida Engineering Plastics Co., Ltd.
Announcement Reference
SG151023OTHR8UK8
Submitted By (Co./ Ind. Name)
Chew Hwa Kwang Patrick
Designation
Executive Director cum CEO
Description (Please provide a detailed description of the event in the box below)
Retirement of General Manager of Shanxi Wanshida Engineering Plastics Co., Ltd.

Additional Details

Name Of Person
Ma Mingzhang
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
23/10/2015
Detailed Reason (s) for cessation
Mr Ma Mingzhang has retired as the General Manager of Shanxi Wanshida Engineering Plastics Co., Ltd. ("Shanxi Wanshida") and has been appointed as the Non-Executive Chairman of Shanxi Wanshida.
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
01/08/2001
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)
3
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.)
General Manager of Shanxi Wanshida
Role and responsibilities
Responsible for the overall business operations of our PE Pipe Division.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
No
Present
Shanxi Wanshida Engineering Plastics Co., Ltd.