Change - Announcement of Cessation::RESIGNATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
USP GROUP LIMITED
Securities
USP GROUP LIMITED - SG1CH0000007 - BRS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Nov-2018 23:28:14
Status
New
Announcement Sub Title
RESIGNATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG181129OTHR18ME
Submitted By (Co./ Ind. Name)
Ee Ling
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director and Cessation as a member of Nominating Committee

Additional Details

Name Of Person
Li Hua
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
28/11/2018
Detailed Reason (s) for cessation
Mr. Li Hua has requested to step down from the Board due to personal reasons. The Board has accepted his request to step down from the Board and it will be effective immediately. Accordingly, Mr. Li Hua will cease as a member of the Nominating Committee of the Company. Mr. Li Hua remains as the Chief Executive Officer 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
29/07/2013
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chief Executive Officer and Member of Nominating Committee
Role and responsibilities
Strategic management and direction of the Company and its operations.
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?
Yes
Shareholding Details
3,738,700
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix A

Attachments

Appendix A.pdf
Total size =185K