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 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