Change - Announcement of Cessation::Resignation of Director

Issuer & Securities

Issuer/ Manager
AEI CORPORATION LTD.
Securities
AEI CORPORATION LTD - SG1AJ1000006 - AWG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jun-2021 18:04:53
Status
New
Announcement Sub Title
Resignation of Director
Announcement Reference
SG210622OTHRNPV0
Submitted By (Co./ Ind. Name)
Lum Soh Ping
Designation
Chief Financial Officer and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Director

Additional Details

Name Of Person
Wu Pingwei
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
18/06/2021
Detailed Reason (s) for cessation
To facilitate board renewal and to pave way for new leadership of the Company.
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
16/05/2018
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.)
Executive Director
Role and responsibilities
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
Beijing Aozhong Jiye Real Estate Development Co., Ltd.
Beijing Aozhong Shimao Property Management Co., Ltd.
Beijing Aozhong Xingye Real Estate Development Co., Ltd.