Change - Announcement of Cessation::Cessation as Executive Director

Issuer & Securities

Issuer/ Manager
NEW SILKROUTES GROUP LIMITED
Securities
NEW SILKROUTES GROUP LIMITED - SG1CE0000004 - BMT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Mar-2023 20:44:04
Status
New
Announcement Sub Title
Cessation as Executive Director
Announcement Reference
SG230302OTHR2A35
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Name Of Person
Shen Yuyun
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2023
Detailed Reason (s) for cessation
Mr Shen has resigned due to personal reasons.
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
07/04/2020
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Executive; responsible for the operations of Shanghai Fengwei Garment Accessory Co., Ltd and exploring potential business
opportunities in China. Mr Shen is also involved in chartering the strategic plans and investment strategies of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes

Substantial shareholder of the Company

Shareholder of SYY Capital Holdings Pte. Ltd., a substantial shareholder of the Company

Executive Chairman of Shanghai Fengwei Garment Accessory Co., Ltd., a subsidiary of the Company
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
29,614,035 shares in the capital of the Company (deemed)
Other Directorships
Past (for the last 5 years)
Nil
Present
Executive Chairman, Shanghai Fengwei Garment Accessory Co., Ltd.

Vice-chairman, Suqian Shenhuating Real Estate Development Co., Ltd

Executive Chairman, Shanghai Jinshan Limin Micro-Lending Co., Ltd