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 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