China Titanium’s Chief Financial Officer resigns

Ang Iris opted to accept offer from another SGX listed company amidst the company reorganization.

China Titanium announced that its Chief Financial Office, Ang Iris, resigned from her post to pursue other career opportunity - joining another SGX-listed company.

The Company intended to accept the offer from Imagine Un Limited ("IUL") to acquire the Company's 51% interest in the share capital of Jade Marketing & Distribution Pte Ltd ("JMD") - a company which owns a 40% economic interest in Daqing Xinlong Chemical Company Ltd ("XL"). Subsequent to the divestment the Company will refocus and reorganise its management team. Separately she received an offer from a significant SGX listed company. Given the above, she has accepted the offer, according to a China Titanium report.

Ms Ang is responsible for the finance and treasury management functions of the Group, including but not limited to matters relating to the Company’s debt and equity raising, formulating strategic plans for the Group and managing investor communications with Shareholders.