News
31 May 2011
Announcement Of Cessation As Executive Director
| Resignation Details | |
| Name Of Person | XIE XIN |
| Age | 33 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 31/05/2011 |
| Detailed Reason(s) for Cessation | The Company and Xie Xin have mutually agreed to terminate his service contract due to his family commitments. The Board would like to express its appreciation to Mr Xie Xin for his services and invaluable contribution as a member of the Board during his tenure of service on the Company's Board. |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 26/09/2008 |
| Job Title | Executive Director |
| Role and Responsibilities | Responsible for capital investments and corporate finance advisory activities of the Group. |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | 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) over the past 12 months | 1 |
| Shareholding in the listed issuer and its subsidiaries | Deemed interests in 12,000,000 shares held by Miss Xu Li. Mr Xie Xin is the husband of Miss Xu Li. Mr. Xie Xin is deemed to have interests in the shares of the Company that Miss Xu Li has an interest in. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Other Directorship | |
| Past Directorship (for the last five years) | Fortune Court Holdings Limited |
| Present Directorship | Ying Li International Real Estate Limited |