Change - Announcement of Cessation::Cessation of Appointment of Chief Executive Officer of the Group

Issuer & Securities

Issuer/ Manager
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
Securities
YANGZIJIANG SHIPBLDG HLDGS LTD - SG1U76934819 - BS6
YANGZIJIANG SHIPBLDG HLDGS RMB - SG1U76934819 - SO7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Mar-2015 18:57:44
Status
New
Announcement Sub Title
Cessation of Appointment of Chief Executive Officer of the Group
Announcement Reference
SG150309OTHR8L16
Submitted By (Co./ Ind. Name)
Ren Letian
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Appointment of Chief Executive Officer of the Group but remain as the Executive Chairman and Director of the Group

Additional Details

Name Of Person
Ren Yuanlin
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
01/05/2015
Detailed Reason (s) for cessation
Mr Ren Letian who is the son of Mr Ren Yuanlin will be succeeding the role as Chief Executive Officer of the Group.
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
13/01/2006
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Director
Role and responsibilities
Mr Ren Yuanlin assumed the role of Chief Executive Officer of the Group who is responsible for the smooth functioning of the Board and ensures timely flow of information between Management and the Board, particularly on strategic issue and ensures promoting high standards of corporate governance are in place. Mr Ren also assumes the responsibility of running the day-to-day business of the Group and ensures implementation of policies and strategies across the Group as well as leading the development of the future strategies 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?
Yes
Shareholding Details
Direct Interest: 3,200,000 ordinary shares (0.0835%)
Deemed Interest: 1,000,000,000 ordinary shares (26.0971%)
Past (for the last 5 years)
NIL
Present
NIL