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Change - Announcement Of Cessation Of Alternate Director

BackSep 30, 2016
Announcement Title Change - Announcement of Cessation
Announcement Subtitle CESSATION OF ALTERNATE DIRECTOR
Securities SINGHAIYI GROUP LTD. (SINGHAI)
Date & Time of Broadcast Sep 30, 2016 17:46
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 Manlin
Age 25
Is effective date of cessation known? Yes
Effective date for cessation Oct 1, 2016
Detailed reason(s) for cessation Mr Yang Dehe resigned as an Independent Non-executive Director with effect from 1 October 2016. Accordingly, Ms Yang Manlin has ceased as an alternate director to Mr Yang Dehe.
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, 2014
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 2
Job Title Alternate Director to Mr Yang Dehe
Role and responsibilities Alternate Director to Mr Yang Dehe
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Yes, daughter of Mr Yang Dehe (a controlling shareholder of Hai Run Pte. Ltd., which is substantial shareholder of the Company).
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details Ms 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.

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