Announcement Title | Change - Announcement of Cessation |
Announcement Subtitle | Cessation of Executive Director, CEO and member of the Strategy and Investment Committee |
Securities |
GMG GLOBAL LTD (GMGGL) |
Date & Time of Broadcast | Feb 13, 2015 20:49 |
Submitted By |
LU LING LING COMPANY SECRETARY |
Description | Please see below. |
Cessation Details | |
Name of person | Yao Xingliang |
Age | 45 |
Is effective date of cessation known? | Yes |
Effective date for cessation | Mar 1, 2015 |
Detailed reason(s) for cessation | Re-assignment within the Sinochem Group. |
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 | Aug 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 | 3 |
Job Title | Executive Director, Chief Executive Officer and member of the Strategy and Investment Committee. |
Role and responsibilities | Responsible for the overall business operations and development of the Group. Mr Yao will be redesignated to Non-Executive, Non-Independent Director. |
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) | - |
Present |
GMG Holdings Ltd GMG Investment (S) Pte Ltd Teck Bee Hang Co., Ltd GMG International S.A. Hevecam S.A. Sud Cameroon Hevea S.A. GMG Investment Congo SPRL GMG Cote d'lvoire Ivoirienne de Traitement du Caoutchouc Tropical Rubber Cote d'lvoire SIAT SA |
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