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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