Cessation of Executive Deputy Chairman
| Issuer/ Securities | |
| Issuer/ Manager | HALCYON AGRI CORPORATION LIMITED |
| Securities | HALCYON AGRI CORPORATION LTD – SG2F48989824 – 5VJ HALCYONAGRI US$150M4.5%PERPSEC – XS1602310176 – 6V2B |
| Stapled Security | No |
| Announcement Details | |
| Announcement Title | Change – Announcement of Cessation |
| Date & Time of Broadcast | 29-Dec-2017 17:15:06 |
| Status | New |
| Announcement Sub Title | Cessation of Executive Deputy Chairman |
| Announcement Reference | SG171229OTHRCYS6 |
| Submitted By | Pascal Demierre |
| Designation | Executive Director |
| Description | Cessation of Mr Li Dajun as Executive Deputy Chairman with effect from 31 December 2017. |
| Additional Details | |
| Name of Person | LI DAJUN |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2017 |
| Detailed Reason (s) for cessation | Mr Li was nominated by the Company’s holding company, Sinochem International (Overseas) Pte. Ltd.. Mr Li has resigned from Sinochem group to pursue professional and personal interests.
Consequently, Sinochem has nominated Mr Qin Jinke for the appointment as a Non-Executive Director of the Company in place of Mr Li. |
| 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 | 15/11/2016 |
| 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) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Deputy Chairman Member of Nominating Committee |
| Role and responsibilities | Mr Li was responsible for overseeing all key aspects of the group’s business functions. |
| 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? | Yes |
| Shareholding Details | 102,900 ordinary shares in the Company |
| Past (for the last 5 years) | (i) Sinochem Crop Protection (Phils) Inc. (ii) Sinochem India Company Pvt. Ltd. (iii) Sinochem Farm Care (Thailand) Co., Ltd. (iv) Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. (v) Sinochem International Corp Care (Overseas) Pte. Ltd. (vi) Jiangsu Yangnong Chemical Group Co., Ltd. (vii) Sinochem International Corp Care Co., Ltd. (viii) Sinochem International Australia Pty. Ltd. (ix) Sinochem Argo Co., Ltd. (x) Shenyang Research Institute of Chemical Industry (Nantong) Chemical Technology Development Co., Ltd. (xi) Sinochem International (Overseas) Pte. Ltd. |
| Present | Halcyon Rubber & Plantations Pte. Ltd. (resignation effective from 31 December 2017) |