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Change - Announcement Of Cessation As Chief Development Officer Of The Company

BackFeb 15, 2019
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Feb 15, 2019 17:41
Status New
Announcement Sub Title Cessation as Chief Development Officer of the Company
Announcement Reference SG190215OTHRWYYR
Submitted By (Co./ Ind. Name) Chua Sher Lin
Designation Chief Financial Officer
Description (Please provide a detailed description of the event in the box below) DBS Bank Ltd. is the sole issue manager, global coordinator, bookrunner and underwriter (the "Sole Issue Manager, Global Coordinator, Bookrunner and Underwriter") for the initial public offering of shares in, and listing of, Koufu Group Limited on the Main Board of the Singapore Exchange Securities Trading Limited. The Sole Issue Manager, Global Coordinator, Bookrunner and Underwriter assumes no responsibility for the contents of this announcement.
Additional Details
Name Of Person David Yang Chin Wee
Age 45
Is effective date of cessation known? Yes
If yes, please provide the date 15/02/2019
Detailed Reason (s) for cessation Personal reason to pursue other career opportunity.
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 01/03/2017
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 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 Development Officer
Role and responsibilities Overseeing the business development of our restaurants, quick-service restaurants and kiosks concept brands for both local and overseas expansion.
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 250,000
Past (for the last 5 years) NIL
Present NIL


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