Change - Announcement of Cessation::RETIREMENT AS DIRECTOR
Issuer & Securities
CHINA AUTO ELECTRONICS GRP LTD
CHINA AUTO ELECTRONICS GRP LTD - BMG2111L1081 - T42
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RETIREMENT AS DIRECTOR
Submitted By (Co./ Ind. Name)
TEO CHEE SHI
Effective Date and Time of the event
Description (Please provide a detailed description of the event in the box below)
Retirement of Director, please see attached
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Li has retired and being eligible, did not seek re-election as a Director of the Company at the AGM held on 24 April 2015
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non- Executive Director
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Mr. Li Delin was deemed to have an interest in the 143,886,000 shares held by Shine Sound Investment Ltd ("Shine Sound"), by virture of his voting control over the shares in Shine Sound. He used to hold the entire issued share capital in Shine Sound as bare trustee for and on behalf of certain rerpresentatives of the employees of the former Henan Tianhai Electric (Group) Corporation, a collective enterprise which had been restructured as a limited liability company and was indirectly acquired by the Company pursuant to the reverse takeover which was completed in September 2007. Mr Li transferred his deemed interests in the shares of the Company to another representative of Shine Sound on 19 January 2015
Past (for the last 5 years)
Total size =59K