Change - Announcement of Cessation::CESSATION AS CO-CEO AND EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
CHINA NEW TOWN DEVT CO LIMITED
Securities
CHINA NEW TOWN DEVT CO LIMITED - VGG2156N1006 - D4N

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Mar-2014 21:12:27
Status
New
Announcement Sub Title
CESSATION AS CO-CEO AND EXECUTIVE DIRECTOR
Announcement Reference
SG140328OTHR9QKG
Submitted By (Co./ Ind. Name)
SHI JIAN
Designation
DIRECTOR
Effective Date and Time of the event
28/03/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
CESSATION AS CO-CEO AND EXECUTIVE DIRECTOR

Additional Details

Name Of Person
SHI JANSON BING
Age
30
Is effective date of cessation known?
Yes
If yes, please provide the date
28/03/2014
Detailed Reason (s) for cessation
Pursuant to the re-constitution of the composition of the board of directors of the Company with effect immediately after the completion of the subscription of 5,347,921,071 shares in the Company by China Development Bank International Holdings Limited which took place on 28 March 2014.
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
30/11/2010
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Co-Chief Executive Officer and Executive Director
Role and responsibilities
Mr.Shi was responsible for project developments, management of human resources and overseeing all commercial operations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
He is the son of Mr.Shi Jian, the Vice Chairman,Executive Director and substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
none
Present
none