Stock Code:YYB.SI
| Issuer & Securities | |
| Issuer/ Manager | BACUI TECHNOLOGIES INTERNATIONAL LTD. |
| Securities | BACUI TECHNOLOGIES INTL LTD. - SGXE42663133 - YYB |
| Stapled Security | No |
| Announcement Details | |
| Announcement Title | Change - Announcement of Cessation |
| Date &Time of Broadcast | 22-May-2025 17:22:32 |
| Status | New |
| Announcement Sub Title | Resignation of Mr Yang Ran as Executive Director |
| Announcement Reference | SG250522OTHRAX8F |
| Submitted By (Co./ Ind. Name) | Yeo Kan Yen |
| Designation | Independent Non-Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) |
Resignation of Mr Yang Ran as Executive Director This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement 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 Lee Khai Yinn, (Tel: (65) 6232 3210) at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Yang Ran |
| Age | 47 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/05/2025 |
| Detailed Reason (s) for cessation |
Mr Yang Ran ("Mr Yang") has stepped down to focus on other commitments. After having interviewed Mr Yang 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 resignation of Mr Yang as the 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 | 17/10/2023 |
| 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) | 1 |
| 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.) | Executive Director |
| Role and responsibilities | Setting the strategic directions of the Group and involved in overall Group management. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Brother of Mr Yang Li, Executive and Strategy Director of the Company |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr Yang is deemed interested in 2,697,057,454 shares held by Xinlong Investment Holding Limited by virtue of Section 7 of the Companies Act. |
| Past (for the last 5 years) | Not applicable |
| Present |
Mar 2023 - Present Director - Yintai Elitist Investment Limited - Yintai International Management Investment Limited - Bacui Management Investment Limited Jan 2023 - Present Director - Xinlong Investment Holding Limited - Xinlong Development Limited - Yintai Excellence Service Limited - Elitist International Investment Holding Limited - Bacui Elitist Technology Limited (in the process of striking off) Sep 2022 - Present Executive Director Foshan Shunde Xinlong Jingyi Enterprise Service Co., Ltd. June 2021 - Present Executive Partner Foshan Yukang Network Technology Service Partnership May 2019 - Present Chairman Foshan Shunde Lunjiao Best Experimental Kindergarten Co., Ltd. Feb 2017 - Present Executive Director Foshan Shunde District Yisheng Education Service Co., Ltd. Feb 2015 - Present Chairman Guandong Best Education Group Jul 2011 - Present Executive Director Foshan Shunde Best Education Management Co., Ltd. Jan 2011 - Present Director Guandong Best Education Group Mar 2005 - Present Director Shunde Yangzheng School Feb 2005 - Present Managing Director Foshan Shunde Yijun Education Investment Co., Ltd. Dec 2004 - Present Director Foshan Shunde Yirun Education Investment Co., Ltd. |