News
26 Apr 2019
Change - Announcement Of Retirement Of An Executive Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 26, 2019 19:33 |
| Status | New |
| Announcement Sub Title | Retirement of an Executive Director |
| Announcement Reference | SG190426OTHRQXO1 |
| Submitted By (Co./ Ind. Name) | Fang Ming |
| Designation | Executive Chairman and Group Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Retirement of an Executive Director and a member of NC |
| Additional Details | |
| Name Of Person | Yang Xiao Yu |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2019 |
| Detailed Reason (s) for cessation | Ms Yang Xiao Yu is subject to retirement pursuant to Article 106 of the Company's Constitution and did not wish to seek re-election due to personal reasons. Accordingly, she shall retire as an Executive Director and a member of the Nominating Committee at the conclusion of the Annual General Meeting to be held on 29 April 2019. |
| 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 | 31/05/2011 |
| 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 of the Company and a member of the Nominating Committee |
| Role and responsibilities | Ms Yang Xiao Yu is responsible of the overall management of administrative affairs and human resources. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Direct interest of 340,664 ordinary shares in the Company |
| Past (for the last 5 years) | Nil |
| Present | Nil |