Change - Announcement of Cessation::Cessation of Non-Executive, Non-Independent Director

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
18-Feb-2021 18:14:31
Status
New
Announcement Sub Title
Cessation of Non-Executive, Non-Independent Director
Announcement Reference
SG210218OTHRCNFO
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 Non-Executive, Non-Independent Director, Chairman of Risk Management Committee and Member of Audit Committee

Additional Details

Name Of Person
Eugene Leong Jhi Ghin
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
19/02/2021
Detailed Reason (s) for cessation
Mr. Eugene Leong has resigned as a Director of the Company given that his recent appointments as BP's Vice President of Refining and Products Trading, Asia Pacific and Middle East, and Chief Executive Officer of BP Trading & Shipping Eastern Hemisphere, could place him in situations, whether directly or indirectly, in conflict with the interests of the Company.

The Board expresses its deep appreciation to Mr. Eugene Leong for his leadership and invaluable contributions during his tenure of service.
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
01/11/2019
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.)
Non-Executive, Non-Independent Director,
Chairman of the Risk Management Committee and a member of the Audit Committee
Role and responsibilities
Non-Executive
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
Past (for the last 5 years)
Nil
Present
BP Singapore Pte. Limited
BP Asia Pacific Pte Ltd
BP Energy Asia Pte. Limited