Change - Announcement of Cessation::Announcement of Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
SINCAP GROUP LIMITED
Securities
SINCAP GROUP LIMITED - SG2F03983689 - 5UN

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Jul-2014 23:40:11
Status
New
Announcement Sub Title
Announcement of Resignation of Executive Director
Announcement Reference
SG140711OTHRZ9PL
Submitted By (Co./ Ind. Name)
Lun Chee Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Canaccord Genuity Singapore Pte. Ltd., after having interviewed Mr. Fu Hao, is satisfied that other than disclosed in this announcement, there are no material reasons for the cessation of Mr. Fu Hao.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms. Karen Soh, Managing Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.

Additional Details

Name Of Person
Fu Hao
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
11/07/2014
Detailed Reason (s) for cessation
Retirement on personal accord due to personal reason.
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
10/03/2010
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Devising the Group's business direction and overseeing all projects' development activities and related business.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Cui Ying, Director of Shandong Luneng Taishan Mining Co., Ltd; Uncle-in-Law of Mr. Fu Hao.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
33,029,500 shares (direct interest), 10,000 shares (registered under OCBC Securities Private Limited) and 100,000 shares (deemed interest) in Sincap Group Limited
Past (for the last 5 years)
(1) Estelle Success Corp; (2) Shandong Xin An Investment Management Co., Ltd; (3) Texas Lonther (USA), LLC
Present
See Annexure A

Attachments

Fu Hao - Annexure A.pdf
Total size =173K