Change - Announcement of Cessation::Cessation of Jiang Ning as an Independent Director

Issuer & Securities

Issuer/ Manager
SUNPOWER GROUP LTD.
Securities
SUNPOWER GROUP LTD. - BMG8585U1027 - 5GD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2019 19:08:13
Status
New
Announcement Sub Title
Cessation of Jiang Ning as an Independent Director
Announcement Reference
SG190425OTHRMTI0
Submitted By (Co./ Ind. Name)
Ma Ming
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Jiang Ning as an Independent Director

Additional Details

Name Of Person
Jiang Ning
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2019
Detailed Reason (s) for cessation
Retire pursuant to Bye-Law 104 of the Bye-Laws of the Company.
Mr Jiang did not seek re-election at the Annual General Meeting held on 25 April 2019. Following his retirement, Mr Jiang also ceased to be the Chairman of the Nominating Committee, and a member of the Audit Committee and the Remuneration Committee.
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
02/02/2005
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, NC Chairman, AC member, RC member
Role and responsibilities
Independent Non-executive Director
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?
No
Past (for the last 5 years)
July 2011 - May 2018: Independent Director of Jiangsu Broadcasting Cable Information Network Corp. Ltd
Present
December 2013 - Present: Independent Director of Suzhou Dongshan Precision Manufacturing Co., Ltd.

December 2016 - Present: Independent Director of Jiangsu Phoenix Property Investment Company Limited