News
21 Dec 2021
Change - Announcement Of Resignation Of Non-Executive And Non-Independent Director And Members Of The AC And The RMC
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 21, 2021 18:27 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR AND MEMBERS OF THE AC AND THE RMC |
| Announcement Reference | SG211221OTHR0VEI |
| Submitted By (Co./ Ind. Name) | Yang Haishan |
| Designation | Non-Executive and Non-Independent Director |
| Description (Please provide a detailed description of the event in the box below) | Announcement of resignation of Non-Executive and Non-Independent Director and members of the Audit Committee ("AC") and the Risk Management Committee ("RMC") of the Company. |
| Additional Details | |
| Name Of Person | Tang Chi Chun ("Mr Tang") |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 21/12/2021 |
| Detailed Reason (s) for cessation | Mr Tang is a representative from China Everbright Limited ("CEL") on the Board of Directors (the "Board") of the Company. As Mr Tang has retired from CEL, he has also resigned as a Non-Executive and Non-Independent Director of the Company. Accordingly, he has also stepped down as members of the AC and the RMC. |
| 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 | 14/06/2019 |
| 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 Director and members of the AC and the RMC of the Company |
| Role and responsibilities | Non-Executive |
| 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) | CEL |
| Present | China Aircraft Leasing Group Holdings Limited |