Change - Announcement of Cessation::Cessation of Group Chief Operating Officer

Issuer & Securities

Issuer/ Manager
FIRST SPONSOR GROUP LIMITED
Securities
FIRST SPONSOR GROUP LIMITED - KYG3488W1078 - ADN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Feb-2016 17:54:41
Status
New
Announcement Sub Title
Cessation of Group Chief Operating Officer
Announcement Reference
SG160229OTHRBCM6
Submitted By (Co./ Ind. Name)
Neo Teck Pheng
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Group Chief Operating Officer

Additional Details

Name Of Person
Sun Gang
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
29/02/2016
Detailed Reason (s) for cessation
Mr Sun Gang has resigned as the Group Chief Operating Officer due to personal reasons. He will remain as an advisor to the Group for a period of 6 months from 1 March 2016 to 31 August 2016 to facilitate a smooth transition.
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
01/11/2011
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.)
Group Chief Operating Officer
Role and responsibilities
Oversees the Group's PRC business operations. Subsequent to cessation of Mr Sun as Group Chief Operating Officer, the job and responsibilities of Mr Sun will be assigned to the other key management personnel of the Group. Accordingly, there will be no replacement for Mr Sun.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
None