| Name of person * |
CHAN HEUNG LING |
| Age * |
52 |
| Is Effective Date of Cessation known? * |
Yes |
| If yes, please provide the date * |
30-06-2011 |
| Detailed Reason(s) for cessation * |
| As set out on part 2.4 of the Company’s circular to shareholders dated 21 December 2010, following the proposed listing of Sino Harbour Property Group (“Sino Harbour Group”) in Hong Kong to focus on the Jiangxi Property business, it was the Company’s intention that Sino Harbour Group be managed by a management team that is separated and independent from the management team of Pan Hong Property Group with separate operational, financial and accounting teams and work force. Ms Chan Heung Ling will step down as Executive Director of Pan Hong Property Group and she will be appointed as the Non-Executive Chairman of Sino Harbour Group. |
|
| 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 * |
03-01-2006 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * |
Deputy Chairman |
| Role and responsibilities * |
| Ms Chan Heung Ling is responsible for the management of overall project strategy, sales and marketing, as well as finance and business of the Group. |
|
| 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) * |
2 |
| Number of cessations of appointments specified in Listing Rule 704(7) over the past 12 months * |
0 |
