| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 22, 2022 17:42 |
| Status | New |
| Announcement Sub Title | Cessation of Mr Zhu Xiaolin as Group President and Executive Director |
| Announcement Reference | SG220422OTHRBPW1 |
| Submitted By (Co./ Ind. Name) | Tan Swee Gek |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). This announcement has not been examined or approved by the SGX-ST and the SGX-ST assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Bao Qing - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com |
| Additional Details | |
| Name Of Person | Zhu Xiaolin |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/04/2022 |
| Detailed Reason (s) for cessation | Mr Zhu Xiaolin will be redesignated as a Non-Executive Officer due to his family commitment. The day-to-day operations of Golden Land Real Estate Development Co., Ltd. ("Golden Land") are carried out by the management team of Golden Land and the General Manager of Golden Land reports to its Board of Directors. Mr Zhu and Joseph are directors of Golden Land and Mr Zhu will remain as a director after his proposed cessation as Executive Director and Group President of ETC. Golden Land Board of Directors in turn reports to ETC Board of Directors. Based on its enquires, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Zhu Xiaolin as Group President and Executive Director of the Company. |
| 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 | 30/03/2017 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 1 |
| 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.) | Group President and Executive Director and member of Nominating and Corporate Governance Committee |
| Role and responsibilities | Responsible for overseeing the executive 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? | Yes |
| Shareholding Details | Direct interest: 151,120,969 shares Deemed interest: 49,269,895 shares |
| Past (for the last 5 years) | Uni Global Power Investment Pte. Ltd. |
| Present | Uni Power Investment Pte. Ltd. Uni Power Funding Management Pte. Ltd. Uni Power Holding Pte. Ltd. Grow Brilliant Limited Asiabiz Services Limited Uni Global Power Pte. Ltd. Uni Global Power Limited DAS Pte. Ltd. Golden Land Real Estate Development Co., Ltd. Wugang City Hechuang Hongye Enterprise Management Partnership (Limited Partnership) |