ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR *

 

ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR *
* Asterisks denote mandatory information

 
Name of Announcer * PAN HONG PROPERTY GROUP LTD  
Company Registration No. 37749  
Announcement submitted on behalf of PAN HONG PROPERTY GROUP LTD  
Announcement is submitted with respect to * PAN HONG PROPERTY GROUP LTD  
Announcement is submitted by * Wong Lam Ping  
Designation * Executive Chairman  
Date & Time of Broadcast 30-Jun-2011 19:58:15  
Announcement No. 00205  
 
 

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

 

Name of person * SHI FENG  
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. Mr Shi Feng will step down as Executive Director of Pan Hong Property Group and he will be appointed as the Deputy Chairman, Executive Director and Chief Executive Officer 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 * 14-08-2006  
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * Executive Director  
Role and responsibilities *
Mr Shi Feng is responsible for the management of project plans, quality control and contractors, as well as the management of the subsidiaries.  
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) *
Number of cessations of appointments specified in Listing Rule 704(7) over the past 12 months *
 
Shareholding * in the listed issuer and its subsidiaries *
Direct - 473,900  
 
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Nil  
 
>> OTHER DIRECTORSHIPS

 
Past (for the last 5 years) *
Huzhou Liyang Housing and Landing Development Co., Ltd.
Huzhou Jiangnan Hailian Construction Co., Ltd.
Jiangmen Pan Hong Kaixuan Real Estate Development Co. Ltd.  
Present *
Jiangxi Asia City Real Estate Development Co., Ltd.
Leping City Feng Huang Jincheng Industry Co., Ltd.
Jiangxi Ganghong Investment Co., Ltd.
Fuzhou Pan Hong Kai Xuan Property Development Co., Ltd.
Nanchang Dingxun Co., Limited  
 
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