Change - Announcement of Cessation::Resignation of Executive Director
Issuer & Securities
FU YU CORPORATION LIMITED
FU YU CORPORATION LTD - SG1B56010922 - F13
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Executive Director
Submitted By (Co./ Ind. Name)
Kong Wei Fung
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Ho Nee Kit ("Mr Ho") as Executive Director of the Company
Name Of Person
Ho Nee Kit
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Resigning in accordance with the terms of the SPA (as defined below).
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
If Yes, Please provide full details
Mr Ching Heng Yang, Mr Ho, Mr Tam Wai and Mr Hew Lien Lee (collectively, the "Vendors") have today sold certain ordinary shares
held by them in the capital of Fu Yu Corporation Limited to Pilgrim Partners Asia (Pte.) Ltd. (the "Purchaser") pursuant to a sale and
purchase agreement entered into among the Vendors and the Purchaser dated 13 January 2021 (the "SPA").
Please refer to the Form 1 filed by Mr Ho dated 18 January 2021 for more details.
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director of Fu Yu Corporation Limited
Role and responsibilities
Mr Ho jointly oversees the mould fabrication, plastic injection moulding, finishing and sub-assembly operations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Direct interest in 23,568,388 ordinary shares in the capital of Fu Yu Corporation Limited
Deemed interest in 17,963,155 ordinary shares in the capital of Fu Yu Corporation Limited
Past (for the last 5 years)
LCTH Corporation Sdn. Bhd.