Change - Announcement of Cessation::Resignation of Ms Wu Xueying as Chief Executive Officer of the Company

Issuer & Securities

Issuer/ Manager
GREEN BUILD TECHNOLOGY LIMITED
Securities
GREEN BUILD TECHNOLOGY LIMITED - SG1Q40922128 - Y06
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Aug-2022 19:20:35
Status
New
Announcement Sub Title
Resignation of Ms Wu Xueying as Chief Executive Officer of the Company
Announcement Reference
SG220819OTHR1CV3
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms Wu Xueying as Chief Executive Officer of the Company

Additional Details

Name Of Person
Wu Xueying
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2022
Detailed Reason (s) for cessation
In mid July 2022, Ms Wu had indicated her intention to resign as Chief Executive Officer of the Company ("CEO") because of health reasons, and to focus on her daughter.

The Board of Directors requested for Ms Wu to reconsider her resignation, to which she agreed to take some time to deliberate.

In early August 2022, Ms Wu was hospitalised due to paroxysmal chest tightness and heart palpitations. She was advised by the doctor to be hospitalized so that her health can be properly looked into. In light of her medical issues, Ms Wu reiterated her request to resign, and requested for a shorter notice period.

In consideration of Ms Wu's health condition, the Board agreed to her resignation as CEO and to shorten her notice period, during which the Executive Directors and Ms Wu are to ensure that a proper handover was carried out.

In the interim, while the Company searches for a suitable candidate to assume the role of CEO, the management of the group's subsidiaries in the People s Republic of China reporting to the CEO shall report to the Executive Directors 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
11/03/2014
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Executive. Ms Wu is responsible for the operational decisions in the day-to-day management of the Group.
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
8,360,000 shares in the listed issuer
Past (for the last 5 years)
1. Green Build Technology Limited

2. Harbin Superior Construction Materials Trading Co., Ltd.

3. Harbin Prevailing Municipal Engineering Co., Ltd.

4. Harbin Vigorous Construction and Engineering Co., Ltd.
Present
1. Harbin Shengming Energy Saving and Technology Co., Ltd.

2. Harbin Utility Tunnel Construction and Management Co., Ltd.

3. Harbin Utility Tunnel Phase Two Construction and Management Co. Ltd.