| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 1, 2016 18:09 |
| Status | New |
| Announcement Sub Title | Cessation of Executive Director |
| Announcement Reference | SG161201OTHRRKTI |
| Submitted By (Co./ Ind. Name) | Lee Pih Peng |
| Designation | Company Secretary |
| Effective Date and Time of the event | 01/12/2016 18:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr. Zhou Jifeng ("Mr. Zhou") as an Executive Director of the Company. |
| Additional Details | |
| Name Of Person | Zhou Jifeng |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/12/2016 |
| Detailed Reason (s) for cessation | Mr. Zhou Jifeng ( "Mr. Zhou") resigned as an Executive Director of the Company with effect from 1 December 2016 as he requires more time to pursue his other personal commitments. |
| 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 | 26/05/2016 |
| 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) | 2 |
| 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 | Executive. Mr. Zhou was responsible for overseeing the businesses of Poly EZbuy Limited, a former subsidiary of the Company, and its subsidiaries. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | No directorships other than the present directorships. |
| Present | - Poly EZbuy Limited, a former subsidiary of the Company - Poly EZbuy (HK) Limited, a former subsidiary of the Company |