Change - Announcement of Cessation::Resignation of Executive Director and Cessation as the Chairman of the Board

Issuer & Securities

Issuer/ Manager
CHINA YUANBANG PROP HLDGS LTD
Securities
CHINA YUANBANG PROP HLDGS LTD - BMG2159Z1005 - B2X
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jan-2015 07:10:32
Status
New
Announcement Sub Title
Resignation of Executive Director and Cessation as the Chairman of the Board
Announcement Reference
SG150126OTHRX9MU
Submitted By (Co./ Ind. Name)
Stephen Chong Ching Hoi
Designation
Chief Financial Officer/Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director and Cessation as the Chairman of the Board

Additional Details

Name Of Person
Chen Jianfeng
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
23/01/2015
Detailed Reason (s) for cessation
Personal reason
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
20/12/2006
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chairman, a Member of the Nominating Committee and Chairman of the China Yuanbang Share Option Scheme Committee
Role and responsibilities
Executive - Overall management of the sales and marketing activities as well as the business of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chen is a substantial shareholder of the Company and his spouse is an Executive Director of Nanchang Changhao Real Estate Consultancy Co., Ltd, a subsidiary of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Chen holds 320,400,000 shares in the Company and he is also deemed interested in 37,867,000 shares held under DBS Vickers Securities (S) Pte Limited.
Past (for the last 5 years)
None
Present
Rich Luck Group Limited
Spirit World Holdings Limited
Aqualake Holdings Limited
Guangdong Yuanbang Real Estate Development Company Limited