Change - Announcement of Cessation::Re-designation of Executive Chairman and Chief Executive Officer to Executive Chairman

Issuer & Securities

Issuer/ Manager
THE PLACE HOLDINGS LIMITED
Securities
THE PLACE HOLDINGS LIMITED - SG1Q02920318 - E27
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Mar-2018 18:51:54
Status
New
Announcement Sub Title
Re-designation of Executive Chairman and Chief Executive Officer to Executive Chairman
Announcement Reference
SG180321OTHRCPK0
Submitted By (Co./ Ind. Name)
Ji Zenghe
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Re-designation of Executive Chairman and Chief Executive Officer to Executive Chairman

Additional Details

Name Of Person
Ji Zenghe
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2018
Detailed Reason (s) for cessation
To have a division of responsibilities between the Executive Chairman and the Chief Executive Officer. Mr Ji Zenghe will be re-designated as Executive Chairman of the Company following his cessation as Chief Executive Officer.
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
12/10/2016
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman following the re-designation stated above.
Role and responsibilities
As Executive Chairman of the Company, Mr Ji will be responsible for the strategic direction and business development of the Group.
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)
Beijing Aozhongxiehe Trading Co., Ltd
Present
The Place Investment Group Co., Limited
The Place Chuangshi (Beijing) Trading Co., Ltd
Z.D. Australia China Trading & Investment Pty Ltd
Beijing Qiaofu Property Management Co., Ltd
Beijing Aozhong Shimao Property Management Co., Ltd
Fortune Land Overseas Limited
Diamond Era Investments Limited
Aozhong Jiye Investment Group Co., Ltd
Sun Card Limited
Beijing Aozhong Jiye Real Estate Development Co., Ltd
Beijing Aozhong Xingye Real Estate Development Co., Ltd
Jingneng Tianjie (Beijing) Investment Co., Ltd