Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA YUANBANG PROP HLDGS LTD
Securities
CHINA YUANBANG PROP HLDGS LTD - BMG2159Z2094 - BCD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Sep-2022 18:55:35
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG220927OTHRAMG0
Submitted By (Co./ Ind. Name)
Huang Tak Wai
Designation
Chief Financial Officer / Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director.

Additional Details

Name Of Person
Teo Yi-dar
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
26/09/2022
Detailed Reason (s) for cessation
Mr Teo Yi-dar ("Mr Teo") resigned as the Non-Executive and Lead Independent Director of the Board of Directors of the Company ("the Board") to devote more time to his other work commitments.

The Board and Management would like to express their sincere appreciation to Mr Teo for his invaluable contributions during his tenure.
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
26/03/2007
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)
1
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.)
Lead Independent Director, Chairman of the Audit Committee, a Member of the Nominating Committee and the Remuneration Committee respectively
Role and responsibilities
Independent Non-executive as Lead Independent Director, Chairman of the Audit Committee, a Member of the Nominating Committee and the Remuneration Committee
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?
No
Other Directorships
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix A

Attachments

CYB - Annexure A - Directorships of Mr Teo Yi-dar_Sep 2022.pdf
Total size =76K