Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
JACKS INTERNATIONAL LIMITED
Securities
JACKS INTERNATIONAL LIMITED - SG1BC8000002 - BAC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Mar-2016 18:56:05
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG160307OTHREZVY
Submitted By (Co./ Ind. Name)
Lo Ching
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Zhong Wenqing as the Chief Executive Officer of the Company with effect from 7 March 2016.

Additional Details

Name Of Person
Zhong Wenqing
Age
37
Is effective date of cessation known?
Yes
If yes, please provide the date
07/03/2016
Detailed Reason (s) for cessation
Mr Zhong Wenqing resigns to pursue personal goals as the management is handed over to the new Chief Executive Officer.
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
07/12/2015
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.)
Chief Executive Officer
Role and responsibilities
Managing the overall business of the Company and its subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
600,000 ordinary shares in the Company
Past (for the last 5 years)
Camsing SG Investment Pte. Ltd.
Present
VAV SG Investment Pte. Ltd.
Huntington Camsing Investment Private Limited