Change - Announcement of Cessation::Resignation of Sales Director

Issuer & Securities

Issuer/ Manager
LIZHONG WHEEL GROUP LTD.
Securities
LIZHONG WHEEL GROUP LTD. - SG1S28927147 - E94

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Apr-2014 18:17:30
Status
New
Announcement Sub Title
Resignation of Sales Director
Announcement Reference
SG140404OTHRR2GI
Submitted By (Co./ Ind. Name)
Zang Ligen
Designation
Executive Chairman
Effective Date and Time of the event
03/04/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Sales Director

Additional Details

Name Of Person
Zang Yongxing
Age
29
Is effective date of cessation known?
Yes
If yes, please provide the date
03/04/2014
Detailed Reason (s) for cessation
To better ensure that sufficient time and attention is given to the affairs of the other businesses of the Group.
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?
Yes
If Yes, Please provide full details
Mr Zhang Jianliang, Chief Executive Officer of the Group, will oversee and manage the sales department of the Group pursuant to Mr Zang Yongxing's resignation.
Date of Appointment to current position
15/11/2013
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.)
Sales Director
Role and responsibilities
Mr Zang Yongxing oversees and manages the sales department of the Group and reports directly to the Chief Executive Officer.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Zang Yongxing is the son of Mr Zang Ligen, Executive Chairman of the Company. He is also the nephew of Messrs Zang Lizhong and Zang Liguo (Directors of the Company)
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
HT&L Fittings (Changsha) Co., Ltd, PRC; Baoding Longda Aluminum Industry Co., Ltd., PRC; Baoding Seiko Automotive Aluminum Manufacturing Co., Ltd., PRC; Tianjin Nano Machinaery Manufacturing Co., Ltd, PRC; Baoding Lizhong Wheel Manufacturing Co., Ltd., PRC; Liguo Wuzhou Auto Parts Assembly (Tianjin) Co., Ltd, PRC; Hebei Sitong New Metal Meterial Co., Ltd. PRC; New Thai Wheel Manufacturing Co., Ltd., Thailand