Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
NOVO GROUP LTD.
Securities
NOVO GROUP LTD. - SG2C46963931 - MR8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Nov-2015 19:46:32
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG151127OTHRDAR8
Submitted By (Co./ Ind. Name)
Zhu Jun
Designation
Executive Chairman and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director

Additional Details

Name Of Person
Yu Wing Keung, Dicky
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
27/11/2015
Detailed Reason (s) for cessation
As a result of the change in control of the Company and the completion of the sale and purchase agreement dated 14 August 2015.
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
10/03/2008
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)
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.)
Executive Director
Role and responsibilities
Responsible for formulating the Group's strategic directions, expansion and overall business development plans.
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)
Please refer to the attachment.
Present
Please refer to the attachment.

Attachments

NOVO_Directoship_Mr Yu.pdf
Total size =21K