Issuer & Securities
Issuer/ Manager
SOON LIAN HOLDINGS LIMITED
Securities
SOON LIAN HOLDINGS LIMITED – SG1W36938981 – 5MD
Stapled Security
No
Announcement Details
Announcement Title
Change – Announcement of Cessation
Date &Time of Broadcast
11-Jan-2018 18:10:45
Status
New
Announcement Sub Title
Cessation of General Manager and Vice President (Commercial) of PRC subsidiary
Announcement Reference
SG180111OTHRQWR7
Submitted By (Co./ Ind. Name)
Tan Yee Chin
Designation
Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Wu Wei-Tsung, William as the General Manager and Vice-President (Commercial) of SL
Metal (Suzhou) Co., Ltd. (“SL Suzhou”), the Company’s wholly-owned subsidiary in the PRC.
This announcement has been prepared by the Company and its contents have been reviewed by the
Company’s sponsor, ZICO Capital Pte. Ltd. (the “Sponsor”), for compliance with the Singapore Exchange
Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist. The Sponsor has not
independently veried the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte.
Ltd. at 8 Robinson Road #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Additional Details
Name Of Person
Wu Wei-Tsung, William
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
11/01/2018
Detailed Reason (s) for cessation
SL Suzhou has terminated the employment contract between SL Suzhou and Mr Wu Wei-Tsung, William, in
accordance with the terms of the employment contract, and Mr Wu Wei-Tsung, William has accordingly
ceased as the General Manager and Vice-President (Commercial) of SL Suzhou with effect from 11 January
2018.
The Board of Directors does not expect any negative impact to the Group’s operations in the PRC as the
Group’s Chairman and CEO, Mr Tan Yee Chin will be overseeing the operations.
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 nancial 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?
Yes
If Yes, Please provide full details
The Company, had on 11 January 2018, entered into an agreement with Mr Wu Wei-Tsung, William for the
Company to acquire 21,250 shares in Soon Lian Corporation Pte. Ltd. held by him. The relevant
announcement will be made by the Company in due course.
Date of Appointment to current position
01/05/2007
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)
3
Number of cessations of appointments specied 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.)
General Manager and Vice-President (Commercial) of SL Metal (Suzhou) Co., Ltd.
Role and responsibilities
Wu Wei-Tsung, William is responsible for the general, sales development and operations management of
the plants in Suzhou, China.
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
21,250 shares in Soon Lian Corporation Pte. Ltd., a 99.5% subsidiary of the Company.
Past (for the last 5 years)
Nil
Present
Nil