Change - Announcement of Cessation::Cessation of an Independent Director of the Company
Issuer & Securities
CHINA HAIDA LTD.
CHINA HAIDA LTD. - SG1Q42922142 - C92
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of an Independent Director of the Company
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Wang Liangfa as an Independent Director of the Company with effect from 9 June 2021.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Wang Liangfa's office is vacated pursuant to Article 104(1)(f) of the Constitution of the Company as he has been absent from meetings of the Directors for more than six (6) months without permission of the Board and no alternate Director has been appointed by him to attend such meetings of the Directors in his stead.
The Company had also issued a written notice to Mr Wang Liangfa on 3 June 2021, formally requesting Mr Wang Liangfa to provide an explanation for his continued absence at the meetings of the Directors. Mr Wang Liangfa did not respond to the Company's request.
In light of the aforesaid, the Nominating Committee has recommended, and the Board has approved, the vacation of Mr Wang Liangfa's office as a Director of the Company pursuant to Article 104(1)(f) 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?
If Yes, Please provide full details
Mr Wang Liangfa has been unresponsive to attempts made by the Singapore-based Directors as well as the Singapore-based management of the Company to contact him.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director (suspended as at 21 January 2021)
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Nil. It is uncertain whether Mr Wang Liangfa held any other directorships in the last 5 years as he has been unresponsive to attempts made by the Singapore-based Directors as well as the Singapore-based management of the Company to contact him.
Jiangyin Gaofeng Printing Textile Co., Ltd. Notwithstanding the aforesaid, it is uncertain whether Mr Wang Liangfa currently holds any other directorships as he has been unresponsive to attempts made by the Singapore-based Directors as well as the Singapore-based management of the Company to contact him.