Change - Announcement of Cessation::Resignation of Mr Wang Yousheng as the executive director of the Company

Issuer & Securities

Issuer/ Manager
YOUYUE INTERNATIONAL LIMITED
Securities
YOUYUE INTERNATIONAL LIMITED - SG1Q40922128 - Y06

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Jul-2014 20:22:57
Status
New
Announcement Sub Title
Resignation of Mr Wang Yousheng as the executive director of the Company
Announcement Reference
SG140718OTHRLOF3
Submitted By (Co./ Ind. Name)
Jong Voon Hoo
Designation
Chief Financial Officer & Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the following details.

Additional Details

Name Of Person
Wang Yousheng
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
18/07/2014
Detailed Reason (s) for cessation
Mr Wang Yousheng tendered his resignation due to health reasons. Mr Wang has been admitted to hospitals numerous times due to his poor health in the past 3 months, as such, he is of the view that he is currently not able to discharge his duties as the Executive Director of the Company properly.
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)
2
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.)
Executive Director
Role and responsibilities
Executive Director. He was responsible for managing the operations of the Group and implementation of Board's decisions.
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?
Yes
Shareholding Details
10,748,000 Shares
Other Directorships
Past (for the last 5 years)
Nil
Present
Tianjin Promlite Technology Co., Ltd