Change - Announcement of Cessation::Cessation of Non-Executive Director of the Company

Issuer & Securities

Issuer/ Manager
CHINA HAIDA LTD.
Securities
CHINA HAIDA LTD. - SG1Q42922142 - C92
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Jun-2021 22:55:03
Status
New
Announcement Sub Title
Cessation of Non-Executive Director of the Company
Announcement Reference
SG210609OTHRCWXH
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mdm Zhao Guiying as a Non-Executive Director of the Company with effect from 9 June 2021.

Additional Details

Name Of Person
Zhao Guiying
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
09/06/2021
Detailed Reason (s) for cessation
Mdm Zhao Guiying's office is vacated pursuant to Article 104(1)(f) of the Constitution of the Company as she 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 her to attend such meetings of the Directors in her stead.

The Company had also issued a written notice to Mdm Zhao Guiying on 3 June 2021, formally requesting Mdm Zhao Guiying to provide an explanation for her continued absence at the meetings of the Directors. Ms Zhao Guiying 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 Mdm Zhao Guiying'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?
Yes
If Yes, Please provide full details
Mdm Zhao Guiying has been unresponsive to attempts made by the Singapore-based Directors as well as the Singapore-based management of the Company to contact her.
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
20/09/2004
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director (suspended as at 21 January 2021)
Role and responsibilities
Mdm Zhao Guiying is responsible for exercising control over the quality and timeliness of the flow of information between Management and the Board and ensuring compliance with the Group's guidelines on corporate governance. She ensures that Board meetings are held regularly in accordance with an agreed schedule of 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
Mdm Zhao Guiying is deemed to have an interest in 74,425,700 ordinary shares in the Company held by China Delta Limited through her 30% shareholding in China Delta Limited.
Past (for the last 5 years)
It is uncertain whether Mdm Zhao Guiying held any other directorships in the last 5 years as she has been unresponsive to attempts made by the Singapore-based Directors as well as the Singapore-based management of the Company to contact her.
Present
It is uncertain whether Mdm Zhao Guiying currently holds any other directorships as she has been unresponsive to attempts made by the Singapore-based Directors as well as the Singapore-based management of the Company to contact her.