Change - Announcement of Cessation::RESIGNATION OF EXECUTIVE CHAIRMAN & CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
QINGMEI GROUP HOLDINGS LIMITED
Securities
QINGMEI GROUP HOLDINGS LIMITED - KYG730441022 - KT9

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-May-2014 17:14:36
Status
New
Announcement Sub Title
RESIGNATION OF EXECUTIVE CHAIRMAN & CHIEF EXECUTIVE OFFICER
Announcement Reference
SG140515OTHR4F4L
Submitted By (Co./ Ind. Name)
Su Qingyuan
Designation
Executive Chairman & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Please refer to below.

Additional Details

Name Of Person
Su Qingyuan
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
16/05/2014
Detailed Reason (s) for cessation
To make room for the growth of the management team and new direction for the Company.
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
28/08/2009
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)
3
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 Chairman and Chief Executive Officer
Role and responsibilities
Overseeing the business direction and development of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Su Qingyuan is the brother of Mr Su Qingjiang, an Executive Director
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Su Qingyuan is holding 3,035,556 shares in the Company and has deemed interests in 236,648,415 shares in the Company which arises pursuant to his 35.26% interests in issued shares of the Company.
Past (for the last 5 years)
NIL
Present
1) Qingmei International Investment Limited; 2) HK Qingmei Trading Group Develop Limited; and 3) Qingmei (China) Co., Ltd