Change - Announcement of Cessation::Resignation of Executive Chairman

Issuer & Securities

Issuer/ Manager
FORELAND FABRICTECH HLDS LTD
Securities
FORELAND FABRICTECH HLDS LTD - BMG3658Z1041 - B0I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Oct-2018 17:05:40
Status
New
Announcement Sub Title
Resignation of Executive Chairman
Announcement Reference
SG181008OTHRNN69
Submitted By (Co./ Ind. Name)
Yang Meng Yang
Designation
Executive Director
Effective Date and Time of the event
08/10/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Chairman and remain as Executive Director

Additional Details

Name Of Person
Yang Meng Yang
Age
30
Is effective date of cessation known?
Yes
If yes, please provide the date
08/10/2018
Detailed Reason (s) for cessation
Mr. Yang Meng Yang step down as Executive Chairman because Mr. Huang Min is appointed as the Executive Chairman of the Company. Mr. Yang Meng Yang would remain as Executive Director of 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
01/08/2016
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Executive Director
Role and responsibilities
Responsible for the corporate strategies and corporate development of the Group
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son-in-law of Executive Chairman and Executive Director, Mr. Huang Min
Spouse of substantial shareholder, Ms. Huang Wen
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
160,619,700
Past (for the last 5 years)
China Environment Ltd
Foreland Fabrictech Holdings Limited
Present
Foreland Fabrictech Holdings Limited