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Change - Announcement Of Cessation Of Independent Non-Executive Director
BackJun 01, 2023
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jun 1, 2023 17:53
Status New
Announcement Sub Title CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference SG230601OTHRL061
Submitted By (Co./ Ind. Name) Zhu Jian Dong
Designation Chairman and President
Description (Please provide a detailed description of the event in the box below) Cessation of Independent Non-Executive Director
Additional Details
Name Of Person Wang Kai Yuen
Age 75
Is effective date of cessation known? Yes
If yes, please provide the date 15/06/2023
Detailed Reason (s) for cessation Dr Wang Kai Yuen ("Dr Wang") will be stepping down as Independent Non-Executive Director of the Company pursuant to the nine-year tenure limit rule for independent directors.

Following Dr Wang's cessation, Dr Wang will also cease to be the Chairman of the Nominating Committee and a Member of the Audit and Risk Management Committee, Remuneration Committee and Strategic Development Committee.
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 02/05/2001
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) 3
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.) Independent NED, Chairman of Nominating Committee and a Member of Audit and Risk Management, Remuneration and Strategic Development Committees.
Role and responsibilities Chairman of the Nominating Committee
Member of the Audit and Risk Management Committee
Member of Remuneration Committee
Member of Strategic Development Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Direct Interest: 900,000 shares
Indirect Interest: 100,000 shares
Past (for the last 5 years) ComfortDelGro Corporation Limited
Ezion Holdings Ltd
HLH Group Ltd
Present Emas Offshore Limited
A-Sonic Aerospace Limited
Hong Lai Huat Group Limited
Waan Holdings Pte Ltd

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Cosco Shipping International (Singapore) Co. Ltd. published this content on 01 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2023 10:03:18 UTC.