Change - Announcement of Cessation::Cessation of Non-Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
SUNMOON FOOD COMPANY LIMITED
Securities
SUNMOON FOOD COMPANY LIMITED - SG1AA2000004 - AAJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Feb-2021 17:53:06
Status
New
Announcement Sub Title
Cessation of Non-Independent and Non-Executive Director
Announcement Reference
SG210216OTHRFK70
Submitted By (Co./ Ind. Name)
Mdm Chia Lay Beng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Independent and Non-Executive Director

Additional Details

Name Of Person
LIU YUAN YUAN
Age
36
Is effective date of cessation known?
Yes
If yes, please provide the date
16/02/2021
Detailed Reason (s) for cessation
Following the approval of the proposed reorganisation plan by Sheng Shi Mingyi (Shanghai) Management Co., Ltd by the Shanghai No. 3 Intermediate People s Court as announced by the Company on 4 February 2021, Ms Liu Yuanyuan be returning to the 3 YG Entities, namely Shanghai Yiguo E-Commerce Co., Ltd, Shanghai Winchain Supply chain Management Co., and Shanghai Exfresh Logistic Co Ltd, to focus on the proposed restructuring.
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
22/05/2018
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)
1
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.)
Member of the Board of Directors
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
SUNMOON DISTRIBUTION & TRADING PTE. LTD.
SUNMOON RETAIL & FRANCHISE PTE .LTD.
Present
SUNMOON DISTRIBUTION & TRADING PTE. LTD.
SUNMOON RETAIL & FRANCHISE PTE .LTD.