Change - Announcement of Cessation::Resignation of Mr Pang Kim Chon as Executive Director and Chief Operating Officer

Issuer & Securities

Issuer/ Manager
GCCP RESOURCES LIMITED
Securities
GCCP RESOURCES LIMITED - KYG377411080 - 41T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Oct-2019 22:47:53
Status
New
Announcement Sub Title
Resignation of Mr Pang Kim Chon as Executive Director and Chief Operating Officer
Announcement Reference
SG191001OTHRWIOH
Submitted By (Co./ Ind. Name)
Marilyn Tan Lay Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Pang Kim Chon as Executive Director and Chief Operating Officer with effect from 1 October 2019.

Additional Details

Name Of Person
Pang Kim Chon ("Mr Pang")
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2019
Detailed Reason (s) for cessation
To pursue family business venture.

After having interviewed Mr Pang and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Pang as the Executive Director and Chief Operating Officer 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?
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?
Yes
If Yes, Please provide full details
Mr Pang's role and responsibilities as the Chief Operating Officer of the Company, which include the oversight of the operation of the quarries, will be assumed by the existing Director of Operations.
Further to Mr Pang s resignation as the Executive Director and Chief Operating Officer of the Company, he will be re-designated as a Non-Independent Non-Executive Director of the Company.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
02/12/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Operating Officer
Role and responsibilities
Mr Pang was responsible for the overall operations, strategic planning and business expansion of the Group.
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
Mr Pang is deemed interested in the 178,719,080 shares (representing 15.28%) held by Wilma Global Investments Limited.
Past (for the last 5 years)
(1) GCCP Gridland Sdn. Bhd.
(2) Hyper Act Marketing Sdn. Bhd.
(3) GCCP Global Sdn. Bhd.
Present
Nil