Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
DEBAO PROPERTY DEVELOPMENT LTD.
Securities
DEBAO PROPERTY DEVELOPMENT LTD - SG1CH6000001 - BTF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Mar-2021 19:20:47
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG210305OTHR2HWW
Submitted By (Co./ Ind. Name)
Zhong Yuzhao
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

Additional Details

Name Of Person
Jack Chia Seng Hee
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
05/03/2021
Detailed Reason (s) for cessation
Mr Jack Chia Seng Hee ("Mr Chia") did not seek for re-election as a Director of the Company at the Annual General Meeting held on 5 March 2021. Accordingly, Mr Chia has retired and ceased as a Director of the Company pursuant to Article 93 of the Constitution of the Company. Following his retirement, Mr Chia has also ceased to be the Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration 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
01/05/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee
Role and responsibilities
Independent and Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
- China Hongcheng International Holdings Limited
- AGV Asia Holdings Limited
- Shanghai Turbo Enterprises Limited
- Lifebrandz Ltd.
- Legami Pte Ltd
- Derong Real Estate Holdings Pte. Ltd.
- Dynamic Real Estate Holdings Pte. Ltd.
- Best Success (Hong Kong) Ltd
- Jack Global Consulting Pte. Ltd.
- Sunny Holdings Limited
- Combine Will International Holdings Limited
Present
- Dukang Distillers Holdings Limited
- mm2 Asia Ltd.
- Ying Li International Real Estate Limited
- Jieyu Business Information Consulting (Chongqing) Limited Liability Company
- CDW Holding Limited