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30 Sep 2010

Announcement Of Cessation As Executive Director

Resignation Details
Name Of Person XU LI
Age 33
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 30/09/2010
Detailed Reason(s) for Cessation The Company and Ms Xu Li have mutually agreed to terminate her service contract due to her family commitments. The Board would like to express its appreciation to Ms Xu for her services and invaluable contribution as a member of the Board during her tenure of service on the Company's Board.
Is there any difference of opinion on material matters between the person and the Board of directors? No
If yes, please elaborate NA
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
If yes, please elaborate NA
Any other relevant information to be provided to shareholders of the listed issuer? No
If yes, please elaborate NA
Date of Appointment to current position 26/09/2008
Job Title EXECUTIVE DIRECTOR
Role and Responsibilities Responsible for internal affairs and accounting function of the Group
Does the AC have a minimum of 3 members (taking into account this resignation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 3
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months 2
Interest in the listed issuer and its subsidiaries Direct interest in 12,000,000 shares
Deemed interested in the shares held by Newest Luck Holdings Limited by virtue of her shareholdings in Newest Luck Holdings Limited
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries Xie Xin, spouse
Other Directorship
Past Directorship (for the last five years) Nil
Present Directorship Ying Li International Real Estate Limited and its Hong Kong & China subsidiaries.