The Board of Directors of Sunvic Chemical Holdings Limited announced the passing of Mr. Sun Liping on 20 August 2014. Mr. Sun Liping was its Non-Executive Director, after he ceased to be the Executive Chairman and Chief Executive Officer on 9 January 2013 as part of the company's succession plan. He was also the indirect majority shareholder of the company by virtue of his 100% shareholding interest in Whitefield Capital Inc.