Change - Announcement of Cessation::CESSATION OF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
RICH CAPITAL HOLDINGS LIMITED
Securities
RICH CAPITAL HOLDINGS LIMITED - SG2G63000001 - 5G4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2020 20:44:30
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE OFFICER
Announcement Reference
SG200630OTHR9FDX
Submitted By (Co./ Ind. Name)
JAMES KHO CHUNG WAH
Designation
INDEPENDENT NON-EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. 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 Mr Joseph Au, Associate Director, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
ZHANG QI
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
22/07/2020
Detailed Reason (s) for cessation
To pursue other career opportunities.

After having interviewed Mr Zhang Qi and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Zhang Qi as the Senior Vice President, Operations.
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
05/09/2019
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Senior Vice President, Operations
Role and responsibilities
Executive. Mr. Zhang is appointed to be responsible for the Company's operations, including but not limited to planning and directing the Group's activities to achieve agreed targets and standards for financial and trading performance, to ensure compliance to SGX listing requirements and adherence to statutory and legislative compliance.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Global D&B Pte Ltd
2. Global Target Pte Ltd
3. CGPV Industrial Building System Sdn Bhd
4. Infrabuild Synergy Asia Sdn Bhd
5. Rich Capital Realty Pte Ltd
Present
1. Hefei Zhongxin Economic and Technological Limited (Non-Executive Director)
2. First Capital Pte Ltd *
3. Rich Batam Pte Ltd *
4. Oxley Batam Pte Ltd *
5. Roomwise Holdings Pte Ltd *

*Mr Zhang Qi will relinquish as a Director of these companies by 22 July 2020.