News
Change - Announcement Of Cessation Of Employment Of Chief Executive Officer
BackMar 05, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 5, 2024 22:13 |
| Status | New |
| Announcement Sub Title | Cessation of Employment of Chief Executive Officer |
| Announcement Reference | SG240305OTHR36B7 |
| Submitted By (Co./ Ind. Name) | Ng Mun Fai |
| Designation | Chief Financial Officer |
| Description (Please provide a detailed description of the event in the box below) | Cessation of employment of Chief Executive Officer |
| Additional Details | |
| Name Of Person | Wang Qiu |
| Age | 47 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 14/02/2024 |
| Detailed Reason (s) for cessation | Dasin Retail Trust Management Pte. Ltd. (The "Company") has given notice of termination with cause to Wang Qiu who has ceased to be employed by the Company with effect from 14 February 2024. |
| 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? | Yes |
| If Yes, Please provide full details | The Company has made an announcement dated 2 February 2024 relating to the receipt of a statutory demand letter dated 25 January 2024 from Wang Qiu, through her lawyer, and a further announcement dated 26 February 2024 relating to a winding-up application served on the Company. |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | Yes |
| If Yes, Please provide full details | Please see disclosure above. |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 13/03/2020 |
| 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) | 3 |
| 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.) | Chief Executive Officer |
| Role and responsibilities | Responsible for the strategic management, growth and operations of Dasin Retail Trust and working with the Board of Directors of the Company to determine business strategies and ensure that such strategies are executed. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Zhongshan Sheng Xing Co., Ltd |
| Present | None |