SGX Announcements
Change - Announcement Of Cessation :: Cessation Of Group Chief Operating Officer
BackFeb 29, 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Group Chief Operating Officer |
| Securities | FIRST SPONSOR GROUP LIMITED (FIRSTSPO) |
| Date & Time of Broadcast | Feb 29, 2016 17:54 |
| Submitted By | Neo Teck Pheng Group Chief Executive Officer |
| Description | Cessation of Group Chief Operating Officer |
| Cessation Details | |
| Name of person | Sun Gang |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Feb 29, 2016 |
| Detailed reason(s) for cessation | Mr Sun Gang has resigned as the Group Chief Operating Officer due to personal reasons. He will remain as an advisor to the Group for a period of 6 months from 1 March 2016 to 31 August 2016 to facilitate a smooth transition. |
| 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 | Nov 1, 2011 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | Group Chief Operating Officer |
| Role and responsibilities | Oversees the Group's PRC business operations. Subsequent to cessation of Mr Sun as Group Chief Operating Officer, the job and responsibilities of Mr Sun will be assigned to the other key management personnel of the Group. Accordingly, there will be no replacement for Mr Sun. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | None |
| Present | None |