OTHERS FURTHER ANNOUNCEMENT ON SUSPENSION OF EXECUTIVE COMMITTEE

DUFU TECHNOLOGY CORP. BERHAD

Type Announcement
Subject OTHERS
Description
FURTHER ANNOUNCEMENT ON SUSPENSION OF EXECUTIVE COMMITTEE

With reference to our earlier announcement dated June 22, 2015, the Board of Directors of Dufu Technology Corp. Berhad (“DUFU” or “the Company”) wishes to further explain the following:-

 

  1. The Executive Committee of DUFU, comprising the Executive Directors of the Company was formed on May 17, 2007, to assist the Chief Executive Officer of the Company to manage the Group’s day-to-day operations and to facilitate smooth running of the day-to-day operations. The Executive Committee was set up to formulate operations plans and oversee the execution of these plans. Further, the Executive Committee was also vested the power / authority to evaluate and approve the operational transactions of not exceeding RM2 million only or any other foreign currency equivalent per transaction.

 

     2. Subsequent to the non re-election of Mr. Hsu, Chin-Shui at the 13th Annual General meeting on June 18, 2015, the remaining members of the Executive Committee are as        follows:-

  • Yong Poh Yow
  • Lee, Hui-Ta also known as Li Hui Ta

                     

Pending the issuance of the Investigation Report by Messrs. Ferrier Hodgson MH Sdn. Bhd (FHMH), the Board is of the opinion that it is thus appropriate to temporarily suspend the power / authority vested on the Executive Committee of the Company and such power/ authority shall be assumed by the Board with immediate effect until further notice. 

 

This announcement is dated June 23, 2015.






Announcement Info

Company Name DUFU TECHNOLOGY CORP. BERHAD
Stock Name DUFU
Date Announced 23 Jun 2015
Category General Announcement for PLC
Reference Number GA1-23062015-00038