Change - Announcement of Cessation::Cessation of an Alternate Director

Issuer & Securities

Issuer/ Manager
DEBAO PROPERTY DEVELOPMENT LTD.
Securities
DEBAO PROPERTY DEVELOPMENT LTD - SG1CH6000001 - BTF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Apr-2018 19:38:49
Status
New
Announcement Sub Title
Cessation of an Alternate Director
Announcement Reference
SG180419OTHR45KI
Submitted By (Co./ Ind. Name)
Zhong Yuzhao
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of an Alternate Director

Additional Details

Name Of Person
Yuan Jiajun
Age
27
Is effective date of cessation known?
Yes
If yes, please provide the date
19/04/2018
Detailed Reason (s) for cessation
Following the resignation of Mr Yuan Le Sheng as the Executive Chairman and Chief Executive Officer of the Company, Mr Yuan Jiajun has ipso facto ceased to be an Alternate Director.
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
25/10/2016
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Alternate Director to Mr Yuan Le Sheng
Role and responsibilities
Alternate Director to Mr Yuan Le Sheng
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of Mr Yuan Le Sheng
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1,825,894 ordinary shares (Deemed Interest)
Past (for the last 5 years)
Pride Capital Investment Holdings Limited
Present
Nil