Change - Announcement of Cessation::Cessation of Alternate Director

Issuer & Securities

Issuer/ Manager
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
Securities
YANGZIJIANG SHIPBLDG HLDGS LTD - SG1U76934819 - BS6
YANGZIJIANG SHIPBLDG HLDGS LTD - SG1U76934819 - SO7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Apr-2020 17:47:59
Status
New
Announcement Sub Title
Cessation of Alternate Director
Announcement Reference
SG200407OTHR1VL8
Submitted By (Co./ Ind. Name)
Ren Letian
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ren Letian as Alternate Director to Mr Ren Yuanlin

Additional Details

Name Of Person
Ren Letian
Age
38
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2020
Detailed Reason (s) for cessation
Following the retirement of Mr Ren Yuanlin as Executive Director and Chairman of the Company, Mr Ren Letian ceased to be an Alternate Director to Mr Ren Yuanlin.
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
12/03/2019
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Alternate Director to Mr Ren Yuanlin.
Role and responsibilities
Fulfilling duties as an Alternate Director to Mr Ren Yuanlin.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Ren Letian is the son of Mr Ren Yuanlin, the Executive Chairman of the Group who is retiring at the forthcoming annual general meeting.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest: NIL
Deemed interest: 165,797,370 ordinary shares in the share capital of Yangzijiang Shipbuilding (Holdings) Ltd. through Hengyuan Asset Investment Limited (163,697,370 ordinary shares) and Vela Wealth Limited (2,100,000 ordinary shares)
Past (for the last 5 years)
None
Present
Yangzijiang Shipbuilding (Holdings) Ltd. - Chief Executive Officer
Yangzijiang Shipping Pte. Ltd. - Director
Draco Shipping Pte. Ltd. - Director
Pegasus Shipping Pte. Ltd. - Director