Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
LORENZO INTERNATIONAL LIMITED
Securities
LORENZO INTERNATIONAL LIMITED - SG1T35930281 - 5IE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Mar-2020 19:18:33
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG200303OTHRK0E0
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
It is noted that the Company has not been able to obtain Mr Ding Lei's confirmation on the contents of this announcement and accordingly the Company has prepared this announcement based on information available to the Company. In particular, the Company has assumed and indicated negative responses to the queries in this announcement relating to (i) any unresolved differences in opinion on materials matters between the person and the board of directors; (ii) any matter in relation to the cessation that needs to be brought to the attention of the shareholders and (iii) any other relevant information to be provided to shareholders. If necessary, the Company will release a follow up announcement upon receipt of Mr Ding Lei's confirmation.

Additional Details

Name Of Person
Ding Lei
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
03/03/2020
Detailed Reason (s) for cessation
Mr Ding Lei was not-re-elected as a director at the Annual General Meeting of the Company.
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
20/01/2017
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chairman
Role and responsibilities
Responsible for the presentation of the Company's aims and policies, and to take the chair in board meetings and shareholder meetings.
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?
Yes
Shareholding Details
125,600,000 ordinary shares
Past (for the last 5 years)
Executive Director of Bisan Limited
Present
RICT Pty Ltd and Bisan Limited