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01 Sep 2022

Change - Announcement of Cessation::Cessation of Chief Financial Officer

Change - Announcement of Cessation::Cessation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
FUXING CHINA GROUP LIMITED
Securities
FUXING CHINA GROUP LIMITED - BMG3705H2069 - AWK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Sep-2022 17:34:41
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG220901OTHRHKD4
Submitted By (Co./ Ind. Name)
Hong Qing Liang
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ma Chor Lung as Chief Financial Officer of the Company

Additional Details

Name Of Person
Ma Chor Lung
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
15/09/2022
Detailed Reason (s) for cessation
Mr Ma Chor Lung ("Mr. Ma") would relinquish his existing position as Chief Financial Officer of the Company and would be re-designated as Assistant to the Director of Finance and Administration with effect from 15 September 2022. Following the re-designation, Mr Ma will no longer be an executive officer of the Company.

Mr Hong Peng You, the Group's current Director of Administration, will be re-designated as the Director of Finance and Administration and will oversee the finance, budget and internal control matters of the Fuxing group of Companies (the "Group") with effect from 1 September 2022. An announcement in this regard will be released by the Company separately.
The aforesaid re-designations are proposed to be undertaken pursuant to an internal review of the senior management structure of the Group to facilitate preparations for the proposed secondary listing on the NASDAQ Stock Market.
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
11/12/2011
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
The Chief Financial Officer is responsible for overseeing the finance, budget and internal control matters of the Group.
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
Other Directorships
Past (for the last 5 years)
NIL
Present
NIL