Change - Announcement of Cessation::Announcement of Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD
Securities
CHINA AVIATION OIL(S) CORP LTD - SG1T06929205 - G92
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Sep-2022 17:40:03
Status
New
Announcement Sub Title
Announcement of Cessation of Chief Executive Officer
Announcement Reference
SG220913OTHR97QY
Submitted By (Co./ Ind. Name)
Doreen Nah
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer

Additional Details

Name Of Person
Wang Yanjun
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
15/09/2022
Detailed Reason (s) for cessation
In line with the Company's senior management succession planning, Mr. Wang Yanjun will step down as Chief Executive Officer of the Company on 15 September 2022. He will remain as the Executive Director 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
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
12/09/2018
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer/Executive Director
Role and responsibilities
As the Chief Executive Officer/Executive Director of the Company, Mr. Wang's key responsibilities included developing and managing the Board approved strategies and overseeing the businesses of the Group.
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?
No
Past (for the last 5 years)
Shenzhen Cheng Yuan Aviation Oil Company Limited (Director/General Manager)
China National Aviation Fuel South China Bluesky Corporation Ltd (Chairman)
China National Aviation Fuel Southern Property Co., Ltd (Director)
CNAF Hong Kong Refuelling Limited (Chairman)
Present
China Aviation Oil (Hong Kong) Company Limited (Chairman)
North American Fuel Corporation (Chairman)
Oilhub Korea Yeosu Co., Ltd (Chairman)
Shanghai Pudong International Airport Aviation Fuel Supply Corporation Ltd (Deputy Chairman)