07 Dec 2020

Change - Announcement Of Cessation Of Executive Director, Group Chief Executive Officer And A Member Of The Nominating Committee

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Dec 7, 2020 21:25
Status New
Announcement Sub Title Cessation of Executive Director, Group Chief Executive Officer and a member of the NC
Announcement Reference SG201207OTHR2DJL
Submitted By (Co./ Ind. Name) Toh Li Ping, Angela
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Announcement of cessation of Executive Director, Group Chief Executive Officer ("CEO") and a member of Nominating Committee ("NC") of the Company.

Mr Hu Bing was appointed as Executive Director on 17 August 2017 and the Group CEO on 14 June 2019.
Additional Details
Name Of Person Hu Bing
Age 42
Is effective date of cessation known? Yes
If yes, please provide the date 07/12/2020
Detailed Reason (s) for cessation Please refer to the Company's announcement titled "Notification of Investigation on Director" dated 7 December 2020 for more information.
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 17/08/2017
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of Independent Directors currently resident in Singapore (taking into 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 (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director, Group CEO and a member of the NC
Role and responsibilities The appointment is executive. Mr Hu is responsible for the formulation and execution of business strategies as well as daily 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? No
Past (for the last 5 years) Director of EBA (Beijing) Asset Management Co., Ltd.
Present Nil