Change - Announcement of Cessation::Retirement of Non-Independent and Non-Executive Director - Mr Guo Shaozeng

Issuer & Securities

Issuer/ Manager
SITRA HOLDINGS (INTERNATIONAL) LIMITED
Securities
SITRA HOLDINGS (INTL) LIMITED - SG1V70937494 - 5LE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2023 23:19:58
Status
New
Announcement Sub Title
Retirement of Non-Independent and Non-Executive Director - Mr Guo Shaozeng
Announcement Reference
SG230428OTHR6XYB
Submitted By (Co./ Ind. Name)
Joanna Lim
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Independent and Non-Executive Director - Mr Guo Shaozeng.

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST").

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The details of the contact person for the Sponsor are:
Name: Mr. Khong Choun Mun, Registered Professional
Address: 36 Robinson Road, #10-06 City House, Singapore 068877
Email: sponsor@rhtgoc.com

Additional Details

Name Of Person
Guo Shaozeng
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2023
Detailed Reason (s) for cessation
Mr Guo Shaozeng ("Mr. Guo") retired as Non-Independent and Non-Executive Director of the Company pursuant to Article 91 of the Company's Constitution with effect from 28 April 2023 at the conclusion of the Company's Annual General Meeting. Concurrently, Mr. Guo ceased to be a member of the Remuneration Committee.

Based on its enquiries, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mr. Guo as the Non-Independent and Non-Executive Director 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?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
21/10/2019
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
(1) Non-Independent and Non-Executive Director; and
(2) Member of the Remuneration Committee.
Role and responsibilities
Duties of a Non-Independent and Non-Executive Director; and a member of the Remuneration Committee.
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?
Yes
Shareholding Details
440,000,000
Other Directorships
Past (for the last 5 years)
- China Fortune Foundation Co., Ltd
- China Fortune Land Development
Co., Ltd
- Sitra Holdings (International) Limited
Present
- Oriental University City Holdings (H.K) Limited