ANNOUNCEMENT OF CESSATION AS CHIEF EXECUTIVE OFFICER
* Asterisks denote mandatory information
Name of Announcer *
CHINA MINING INTERNATIONAL LTD
Company Registration No.
CT-140095
Announcement submitted on behalf of
CHINA MINING INTERNATIONAL LTD
Announcement is submitted with respect to *
CHINA MINING INTERNATIONAL LTD
Announcement is submitted by *
YEO TZE KHERN
Designation *
COMPANY SECRETARY
Date & Time of Broadcast
17-Mar-2012 00:12:32
Announcement No.
00004
ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Name of person *
GUO YING HUI
Age *
48
Is Effective Date of Cessation known? *
Yes
16/03/2012
Detailed Reason(s) for cessation *
Retirement from Chief Executive Officer in line with the revised Code of Corporate Governance 2005, which recommends a clear division of responsibilities at the top of a company to ensure a balance of power and authority. Following his stepping down as CEO, Mr Guo Ying Hui remains as the Executive Chairman 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
If yes, please elaborate *
NA
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
If yes, please elaborate *
NA
Any other relevant information to be provided to shareholders of the listed issuer? *
No
If yes, please elaborate *
NA
Date of Appointment to current position *
31/01/2005
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) *
Executive Chairman
Role and responsibilities *
Mr Guo Ying Hui is responsible for the formulation of the overall business strategies and policies
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) *
ONE
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months *
TWO
Shareholding
* in the listed issuer and its subsidiaries *
Mr Guo Ying Hui owns 143,880,000 shares in the Company, of which 137,380,000 shares of Mr Guo Ying Hui are registered in the name of UOB Kay Hian Pte Ltd. Mr Guo Ying Hui is deemed to be interested in the 116,480,000 shares held by his spouse, Mdm Feng Li and the 141,440,000 shares held by China Focus International Limited
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Mr Guo Ying Hui is deemed to be interested in the 116,480,000 shares held by his spouse, Mdm Feng Li
OTHER DIRECTORSHIPS
Past (for the last 5 years) *
- Shi Ji Guang Hua Technology Co., Ltd
Present *
- China Focus International Limited
- Dragon Light Holdings Limited
- China Geological Exploration Holdings Limited
- Excel Leading (HK) Limited
Footnotes
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