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Change - Announcement Of Cessation Of Independent Director

BackSep 30, 2016
Announcement Title Change - Announcement of Cessation
Announcement Subtitle CESSATION OF INDEPENDENT DIRECTOR
Securities SINGHAIYI GROUP LTD. (SINGHAI)
Date & Time of Broadcast Sep 30, 2016 17:45
Submitted By Cho Form Po
Company Secretary
Description This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the Exchange and the Exchange assumes 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 Mr Ong Hwee Li (Telephone No. 65-6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.
Cessation Details
Name of person Yang Dehe
Age 55
Is effective date of cessation known? Yes
Effective date for cessation Oct 1, 2016
Detailed reason(s) for cessation To dedicate time to focus on other personal matters. The Company's Sponsor, SAC Capital Private Limited, has contacted Mr Yang Dehe and based on its enquiries, is satisfied that other than as disclosed in this announcement, there are no other reasons for Mr Yang's resignation.
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 Sep 6, 2013
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) 3
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 1
Job Title Independent Non-executive Director
Role and responsibilities Independent Non-executive Director
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Yes, Father of Ms Yang Manlin
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details Mr Yang is deemed interested in 237,000,000 shares held by Hai Run Pte. Ltd. of the Company representing approximately 8.26% of interests in the share capital of the Company.
Other directorships
Past (for the last 5 years) Nil
Present Hai Run Pte. Ltd.
Guang Dong Hai Run Development Co Ltd

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