Change - Announcement of Cessation::Resignation as Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-May-2014 20:14:18
Status
New
Announcement Sub Title
Resignation as Executive Director and Chief Executive Officer
Announcement Reference
SG140521OTHRXJIX
Submitted By (Co./ Ind. Name)
Low Siew Tian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Ho Kang Peng has resigned as Executive Director of the Company with immediate effect.
He has also resigned as the Chief Executive Officer of the Company and he is required to serve the contractual 3 months' notice.
Following his resignation, Mr Ho will step down as a legal representative of Fu Yu Moulding & Tooling (ChongQing) Co., Ltd, an indirect wholly-owned subsidiary of the Company.

Additional Details

Name Of Person
Ho Kang Peng
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
21/05/2014
Detailed Reason (s) for cessation
To pursue his personal interest.
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
31/03/2008
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.)
Executive Director and Chief Executive Officer
Role and responsibilities
Mr Ho is responsible for the charting out of new corporate direction, including formulating business strategy, corporate restructuring and management alignment and to meet the new challenges faced by the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest of 3,630,000 ordinary shares in Fu Yu Corporation Limited
Past (for the last 5 years)
Plastoform Holding Limited and LCTH Corporation Berhad
Present
Fuxing China Group Limited