Change - Announcement of Cessation::RESIGNATION OF SUN YAN AS CEO AND EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
AVIC INTERNATIONAL MARITIME HOLDINGS LIMITED
Securities
AVIC INTL MARITIME HLDGLIMITED - SG2D58973959 - O2I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Feb-2020 17:12:58
Status
New
Announcement Sub Title
RESIGNATION OF SUN YAN AS CEO AND EXECUTIVE DIRECTOR
Announcement Reference
SG200212OTHRNL9H
Submitted By (Co./ Ind. Name)
YAP LIAN SENG
Designation
JOINT COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Resignation of Sun Yan ("Mr. Sun") as CEO and Executive Director of AVIC International Maritime Holdings Limited (the "Company").

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Continuing Sponsor, Stamford Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents in this announcement, including the accuracy, completeness, correctness of any of the information, statements made, reports contained or opinions expressed in this announcement.

The contact person for the Sponsor is Mr Ng Joo Khin:
Telephone number: (65) 6389 3000
Email address: jookhin.ng@morganlewis.com

Additional Details

Name Of Person
SUN YAN
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
12/02/2020
Detailed Reason (s) for cessation
Mr. Sun remained as the director of the board and the CEO of the Company pending the conclusion of the voluntary general offer (VGO) made by China Merchants Industry Investment Limited on 11 November 2019. The VGO closed on 6 January 2020 and Mr. Sun has therefore served his duty and decided to resign from the board and the Company to pursue other interest.
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
28/05/2013
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
CEO AND EXECUTIVE DIRECTOR
Role and responsibilities
CEO AND EXECUTIVE DIRECTOR
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)
1. AVIC International Ship Development (Guangzhou) Co., Ltd.

2. AVIC International Marine Engineering Pte. Ltd.

3. ARTIS Shipping Development Limited

4. ARROW Shipping Development Limited

5. Porkgo Investment Limited

6. Polytek Investment Limited

7. Polyvision Investment Limited

8. Huayu Enterprises Limited

9. Henkin Investment Limited

10. AVIC International Offshore Pte. Ltd.
Present
1. AVIC International Shanghai Co., Ltd.

2. AVIC International Ship Development (China). Ltd.

3. Hong Kong AVIC International Shanghai Company Limited

4. AVIC Dingheng Shipbuilding Co., Ltd.

5. AVIC Weihai Shipyard Co., Ltd.

6. Deltamarin Ltd.