Investor Relations
News
Change - Announcement Of Cessation Of Mr Guo Jinyao As Executive Director
BackApr 10, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 10, 2025 19:51 |
| Status | New |
| Announcement Sub Title | CESSATION OF MR GUO JINYAO AS EXECUTIVE DIRECTOR |
| Announcement Reference | SG250410OTHRMEKA |
| Submitted By (Co./ Ind. Name) | Lawrence Toh Ker How |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the information below. This announcement has been prepared by the Company and has been reviewed by the Company's Sponsor, W Capital Markets Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange"), and the Exchange 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 Alicia Chang at 65 Chulia Street, #43-01, OCBC Centre, Singapore 049513, telephone (65) 6513 3525. |
| Additional Details | |
| Name Of Person | GUO JINYAO |
| Age | 43 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2025 |
| Detailed Reason (s) for cessation | Mr Guo Jinyao ("Mr Guo") had tendered his resignation as an Executive Director of the Company to focus on his personal and family commitments. The Company would like to express its gratitude and appreciation towards Mr Guo's valuable contributions to the Board during his tenure. Based on its enquiries and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Guo as an Executive Director of the Company. |
| 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 | 01/08/2024 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Role and responsibilities | 1. Strategic partnerships and collaboration 2. Business Development - to explore and assess new beneficial business for future expansion of the Company 3. Corporate Finance - to seek investors, raise funds for the company, where required, to support the Company's current and future objectives 4. Representing the organization to stakeholders, including donors, partners, and the community 5. Reporting regularly to the Board of Directors and collaborating with them to set and achieve organizational goals. |
| 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 | 6,388,000 Shares in AcroMeta Group Limited (Direct Interest) |
| Past (for the last 5 years) | Digi Global Technologies Pte Ltd Musicverse Pte Ltd |
| Present | Kendale Technologies Pte Ltd Soundstream Asia Pacific Pte Ltd Soundstream Distribution Pte Ltd |