Cessation of Non-Executive Chairman
|Issuer/ Manager||HALCYON AGRI CORPORATION LIMITED|
|Securities||HALCYON AGRI CORPORATION LTD – SG2F48989824 – 5VJ
HALCYONAGRI S$125M6.5%N190731 – SG6SC1000002 – 13QB
|Announcement Title||Change – Announcement of Cessation|
|Date & Time of Broadcast||11-Jan-2017 17:08:02|
|Announcement Sub Title||Cessation of Non-Executive Chairman|
|Submitted By||Pascal Demierre|
|Description||Cessation of Mr Qin Hengde as Non-Executive Chairman with effect from 16 January 2017.|
|Name of Person||QIN HENGDE|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||16/01/2017|
|Detailed Reason (s) for cessation||Re-assignment within the parent company, Sinochem International Corporation Co., Ltd.. Consequently, Mr Liu Hongsheng has been nominated for the appointment as a director of the Company in place of Mr Qin Hengde.|
|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)||4|
|Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months||2|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Non-Executive Chairman|
|Role and responsibilities||The Chairman was responsible for the leadership of the Company’s board of directors.|
|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)||(i) Sinochem International (Overseas) Pte. Ltd.
(ii) Sinochem International Corp Care Co., Ltd.
(iii) GMG Global Ltd
(iv) Sinochem International Corporation Co., Ltd.
|Present||(i) Non-Executive Director, Jiangsu Sinorg Chem Technology Co., Ltd.
(ii) Non-Executive Director, Jiangsu Yangnong Chemical Group Co., Ltd.
(iii) Non-Executive Director, Sinochem International Logistics Co., Ltd.
(iv) Non-Executive Director, Sinochem International (Hong Kong) Chemical Investment Co Limited