Change - Announcement of Cessation::Announcement of Cessation as General Manager (Ironbark), Executive Officer - Mr Sun He

Issuer & Securities

Issuer/ Manager
SHEN YAO HOLDINGS LIMITED
Securities
SHEN YAO HOLDINGS LIMITED - SGXE51426224 - A78
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2021 19:12:49
Status
New
Announcement Sub Title
Announcement of Cessation as General Manager (Ironbark), Executive Officer - Mr Sun He
Announcement Reference
SG211027OTHR430B
Submitted By (Co./ Ind. Name)
Yao Liang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, W Capital Markets Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 contact person for the Sponsor is Mr Chia Beng Kwan, Registered Professional, W Capital Markets Pte. Ltd., 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 65133541.

Additional Details

Name Of Person
Sun He
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2021
Detailed Reason (s) for cessation
Notice of termination has been given to Mr Sun. This decision is based on management's views that Mr Sun has failed to perform his duties in the interests of the Company.

The Sponsor, having spoken to the management, is satisfied that, other than as disclosed in this announcement, there are currently no other reasons for the cessation of employment of Mr Sun.
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?
Yes
If Yes, Please provide full details
Mr Sun reserves the right to challenge the Company's decision to terminate his employment.
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
23/11/2020
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)
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.)
General Manager (Ironbark)
Role and responsibilities
The General Manager (Ironbark) is responsible for the management and operations of Ironbark Mining Pty Ltd ("Ironbark"). He is also involved in mining operations that are being conducted out of other subsidiaries 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?
No
Past (for the last 5 years)
Balmaine Gold Pty Ltd
Neofields Pty Ltd
Present
Nil