31 May 2011

Announcement Of Cessation As Executive Director

Resignation Details
Name Of Person XIE XIN
Age 33
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 31/05/2011
Detailed Reason(s) for Cessation The Company and Xie Xin have mutually agreed to terminate his service contract due to his family commitments. The Board would like to express its appreciation to Mr Xie Xin for his services and invaluable contribution as a member of the Board during his 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 capital investments and corporate finance advisory activities 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) 2
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months 1
Shareholding in the listed issuer and its subsidiaries Deemed interests in 12,000,000 shares held by Miss Xu Li. Mr Xie Xin is the husband of Miss Xu Li. Mr. Xie Xin is deemed to have interests in the shares of the Company that Miss Xu Li has an interest in.
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Other Directorship
Past Directorship (for the last five years) Fortune Court Holdings Limited
Present Directorship Ying Li International Real Estate Limited