Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR, CHIEF EXECUTIVE OFFICER, AND CHIEF INVESTMENT OFFICER - SINGAPORE

Issuer & Securities

Issuer/ Manager
YANGZIJIANG FINANCIAL HOLDING LTD.
Securities
YANGZIJIANG FINANCIAL HOLDING LTD. - SGXE77102635 - YF8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Oct-2023 17:57:36
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR, CHIEF EXECUTIVE OFFICER, AND CHIEF INVESTMENT OFFICER - SINGAPORE
Announcement Reference
SG231020OTHR7J60
Submitted By (Co./ Ind. Name)
Toe Teow Heng
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director, Chief Executive Officer, and Chief Investment Officer - Singapore.

Additional Details

Name Of Person
TOE TEOW HENG
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2024
Detailed Reason (s) for cessation
To pursue other opportunities. The Board has expressed its gratitude and appreciation to Mr Toe for his valuable contributions to 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
27/01/2022
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, Chief Executive Officer, and Chief Investment Officer - Singapore
Role and responsibilities
Strategic direction and overall management of the Company, investment management and decision making.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Toe Teow Heng holds 600,000 ordinary shares and deemed to be interested in 7,386,200 shares through his 29.90% interest in ICH Group Ltd which holds the shares through its wholly owned subsidiaries.
Past (for the last 5 years)
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
A21 PTE. LTD.
EAGLE HEALTHCARE INTERNATIONAL PTE. LTD.
HEXATON CAPITAL PTE. LTD.
ICAPITAL HOLDINGS (SG) PTE. LTD.
PROMETHEUS (S) PTE. LTD.
ICH SINGAPORE HOLDINGS PTE. LTD.
XM STUDIOS PTE. LTD.
NEWFORT LAND PTE. LTD.
SKIN INC GLOBAL PTE.LTD.
OCEAN SINGAPORE HOLDING COMPANY LIMITED
OCEAN ABU DHABI HOLDING COMPANY LIMITED
OCEAN LUBECK HOLDING LIMITED
OCEAN ATLANTIC HOLDING COMPANY LIMITED
DIAMOND RIVER SHIPPING LIMITED
RUBY RIVER SHIPPING LIMITED
OPAL RIVER SHIPPING LIMITED
JADE RIVER SHIPPING LIMITED
AMBER RIVER SHIPPING LIMITED
Present
YANGZIJIANG FINANCIAL HOLDING LTD.
ICH CAPITAL PTE. LTD.
ICH GEMINI ASIA GROWTH FUND PTE. LTD.
ICH INVESTMENT PTE. LTD.
NEWFORT REALTY PTE. LTD.
GEM ASSET MANAGEMENT PTE. LTD.
GEM YIELD PTE. LTD.
GEM DIRECT INVESTMENTS PTE. LTD.
39 ROBINSON ROAD PTE. LTD.
YANGZIJIANG REALTY PTE. LTD.
ICH PARTNERS LTD
ZYMMETRY INVESTMENTS LTD
GEM GROWTH FUND VCC
GEM CASH MANAGEMENT FUND VCC
OCEAN PACIFIC HOLDING COMPANY LIMITED
EMERALD RIVER SHIPPING LIMITED