News
22 May 2020
Change - Announcement Of Retirement Of Non-Executive And Non-Independent Deputy Chairman
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 22, 2020 17:46 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF NON-EXECUTIVE AND NON-INDEPENDENT DEPUTY CHAIRMAN |
| Announcement Reference | SG200522OTHRCXNU |
| 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 the Non-Executive and Non-Independent Deputy Chairman |
| Additional Details | |
| Name Of Person | Pan Ying |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/05/2020 |
| Detailed Reason (s) for cessation | Mr Pan Ying is subject to retirement pursuant to Article 106 of the Company's Constitution and the Company did not receive his consent to continue in office. Accordingly, he retired as the Non-Executive and Non-Independent Deputy Chairman at the conclusion of the Annual General Meeting 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 | 23/09/2014 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Deputy Chairman |
| Role and responsibilities | Non-Executive and Non-Independent Deputy Chairman |
| 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) | -Everbright Jiabao Co., Ltd -Sinopec Oilfield Service Corporation |
| Present | Nil |