Change - Announcement of Cessation::Resignation of Chief Operating Officer
Issuer & Securities
SUNPOWER GROUP LTD.
SUNPOWER GROUP LTD. - BMG8585U1027 - 5GD
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chief Operating Officer
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Operating Officer.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Shen resigned from his position for personal reasons.
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?
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.)
Chief Operating Officer
Role and responsibilities
Mr Shen was directly responsible for administration, human resources and US sales office of the Group prior to his resignation.
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?
1,200,000 ordinary shares
Past (for the last 5 years)
Director, Jiangsu Sunpower Pressure Vessels Equipment Manufacturing Co., Ltd.
Director, Sunpower Clean Energy Investment (Jiangsu) Co., Ltd.
Director, Quanjiao Sunpower Clean Energy Co., Ltd.