News
07 Dec 2020
Change - Announcement Of Cessation Of Executive Director, Group Chief Executive Officer And A Member Of The Nominating Committee
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 7, 2020 21:25 |
| Status | New |
| Announcement Sub Title | Cessation of Executive Director, Group Chief Executive Officer and a member of the NC |
| Announcement Reference | SG201207OTHR2DJL |
| Submitted By (Co./ Ind. Name) | Toh Li Ping, Angela |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Announcement of cessation of Executive Director, Group Chief Executive Officer ("CEO") and a member of Nominating Committee ("NC") of the Company. Mr Hu Bing was appointed as Executive Director on 17 August 2017 and the Group CEO on 14 June 2019. |
| Additional Details | |
| Name Of Person | Hu Bing |
| Age | 42 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 07/12/2020 |
| Detailed Reason (s) for cessation | Please refer to the Company's announcement titled "Notification of Investigation on Director" dated 7 December 2020 for more information. |
| 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 | 17/08/2017 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director, Group CEO and a member of the NC |
| Role and responsibilities | The appointment is executive. Mr Hu is responsible for the formulation and execution of business strategies as well as daily operations of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Director of EBA (Beijing) Asset Management Co., Ltd. |
| Present | Nil |