March 7 (Reuters) - Sunland Group Ltd (SDG) : SUNLAND GROUP LTD...

March 7 (Reuters) - Sunland Group Ltd (SDG) :

• SUNLAND GROUP LTD - MET TO DISCUSS APPROPRIATE STRUCTURE OF BOARD
• SUNLAND - BELIEVE IT IS APPROPRIATE BOARD RESTRUCTURE IN ORDER TO REDUCE OVERHEAD EXPENSES
• SUNLAND GROUP LTD - EXECUTIVE CHAIRMAN SOHEIL ABEDIAN WILL REDUCE REMUNERATION ARRANGEMENTS BY 40%
• SUNLAND GROUP LTD - MANAGING DIRECTOR SAHBA ABEDIAN WILL REDUCE REMUNERATION ARRANGEMENTS BY 40%
• SUNLAND GROUP - WILL CONTINUE TO REVIEW REMUNERATION ARRANGES FOR DIRECTORS AND STAFF QUARTERLY AS GROUP'S STRATEGIC PLAN CONTINUES TO BE DELIVERED
• SUNLAND GROUP LTD - REBECCA FRIZELLE AND VAHID SABERI WILL RESIGN AS DIRECTORS
• SUNLAND GROUP LTD - EXPECTED THAT BY END JUNE 2022 GROUP WOULD HAVE REPAID ALL OF SENIOR DEBT FACILITIES