Change - Announcement of Cessation::Retirement of Executive 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 19:20:10
Status
New
Announcement Sub Title
Retirement of Executive Director
Announcement Reference
SG210305OTHRLTSQ
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 Executive Director

Additional Details

Name Of Person
Zhang Mao
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
05/03/2021
Detailed Reason (s) for cessation
Mr Zhang Mao did not seek for re-election as a Director of the Company at the Annual General Meeting held on 5 March 2021. Accordingly, Mr Zhang Mao has retired and ceased as a Director of the Company pursuant to Article 93 of the Constitution 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
23/11/2009
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
Role and responsibilities
Mr Zhang Mao is responsible for overseeing the development of property development projects of the Group.
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?
Yes
Shareholding Details
Direct Interest - 2,401,709 ordinary shares
Deemed Interest - 80,800 ordinary shares
Past (for the last 5 years)
Nil
Present
Nil