Change - Announcement of Cessation::CESSATION OF CHIEF EXECUTIVE OFFICER

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
06-Jun-2016 17:31:08
Status
New
Announcement Sub Title
CESSATION OF CHIEF EXECUTIVE OFFICER
Announcement Reference
SG160606OTHRKPMH
Submitted By (Co./ Ind. Name)
MAK TIN SANG
Designation
CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
CESSATION OF CHIEF EXECUTIVE OFFICER

Additional Details

Name Of Person
MAK TIN SANG
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
06/06/2016
Detailed Reason (s) for cessation
Due to internal restructuring , Mr Mak Tin Sang will cease to be the Executive Chairman and Chief Executive Officer of the Company and accept the new positions as the Chief Financial Officer and Company Secretary of the Company with effect from 6 June 2016.
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
25/05/2015
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer
Role and responsibilities
Executive. Responsible for the day to day operations, marketing, public relations, as well as the formulating and implementing business strategies and development plans.
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)
Armarda Group Limited
Present
NIL