Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE AND NON-INDEPENDENT CHAIRMAN & A MEMBER OF THE REMUNERATION COMMITTEE

Issuer & Securities

Issuer/ Manager
YING LI INTERNATIONAL REAL ESTATE LIMITED
Securities
YING LI INTL REAL ESTATE LTD - SG1O24911883 - 5DM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Apr-2024 17:42:41
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE AND NON-INDEPENDENT CHAIRMAN & A MEMBER OF THE REMUNERATION COMMITTEE
Announcement Reference
SG240403OTHRL990
Submitted By (Co./ Ind. Name)
Chia Seng Hee, Jack
Designation
Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
Announcement of resignation of the Non-Executive and Non-Independent Chairman and a member of the Remuneration Committee ("RC") of the Company.

Additional Details

Name Of Person
Zhang Mingao
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
03/04/2024
Detailed Reason (s) for cessation
Mr Zhang Mingao is a representative from China Everbright Limited ("CEL") on the Board of Directors (the "Board") of the Company. Due to adjustment of the role and responsibility of Mr Zhang within CEL, he has resigned as the Non-Executive and Non-Independent Chairman of the Company. Accordingly, he has also stepped down as a member of the RC.
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
14/11/2019
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.)
Non-Executive and Non-Independent Chairman and a member of the RC of the Company
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please see attached Appendix 1.
Present
Please see attached Appendix 1.

Attachments

Ying Li - Appendix 1 - Other Directorship of ZMA.pdf
Total size =31K