News
22 May 2020
Change - Announcement Of Retirement Of An Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 22, 2020 17:46 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF AN INDEPENDENT DIRECTOR |
| Announcement Reference | SG200522OTHRR8QV |
| Submitted By (Co./ Ind. Name) | Hu Bing |
| Designation | Executive Director and Group Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Retirement of an Independent Director |
| Additional Details | |
| Name Of Person | Xiao Zu Xiu |
| Age | 81 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/05/2020 |
| Detailed Reason (s) for cessation | Mr Xiao Zu Xiu is subject to retirement pursuant to Article 106 of the Company's Constitution and did not wish to seek re-election. Accordingly, he retired as an Independent Director at the conclusion of the Annual General Meeting to be held on 22 May 2020. |
| 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 | 26/09/2008 |
| 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.) | Independent Director |
| Role and responsibilities | Independent Director |
| 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Nil |