Change - Announcement of Cessation::TERMINATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
ASIA FASHION HOLDINGS LIMITED
Securities
ASIA FASHION HOLDINGS LIMITED - BMG0539Q1217 - BQI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Sep-2017 15:29:48
Status
New
Announcement Sub Title
TERMINATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG170903OTHRQE26
Submitted By (Co./ Ind. Name)
CHONG TIN YAM, ALEX
Designation
EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
TERMINATION OF EXECUTIVE DIRECTOR.

Additional Details

Name Of Person
ZHU ZHI HONG
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
01/09/2017
Detailed Reason (s) for cessation
Significant lack of time, effort and dedication extended to engagement as Executive Director.
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
21/03/2017
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Overseeing the overall business operation of the Group and in particular the development of the present as well as future core business operation in China, assisting the Board in formulating and implementing business strategies and development plans; held in charge of the sales and marketing functions 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?
No
Past (for the last 5 years)
Director and Chairman of Jiangsu Province Chen Yuan Investment Limited
Present
Director and Chairman of Jiangsu Province Chen Yuan Investment Limited