Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
CHINA SUNSINE CHEMICAL HOLDINGS LTD.
Securities
CHINA SUNSINE CHEM HLDGS LTD - SGXE54479022 - QES
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Oct-2020 22:25:23
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG201015OTHRR2ER
Submitted By (Co./ Ind. Name)
Xu Cheng Qiu
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Xu Xianlei as Executive Director of the Company, and General Manager of Shandong Sunsine Chemical Co., Ltd. ("Shandong Sunsine"), the main subsidiary of the Company.

Additional Details

Name Of Person
Xu Xian Lei
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
15/10/2020
Detailed Reason (s) for cessation
Pursuing his personal interest.
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
18/04/2018
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 Director of the Company, General Manager of Shandong Sunsine
Role and responsibilities
Overall management and operations of China subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nephew of Mr Xu Cheng Qiu (Executive Chairman and Controlling Shareholder) and cousin of Mr Xu Jun (Executive Director).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
4,813,200
Past (for the last 5 years)
None
Present
None