Change - Announcement of Cessation::Retirement of Executive Chairman

Issuer & Securities

Issuer/ Manager
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
Securities
YANGZIJIANG SHIPBLDG HLDGS LTD - SG1U76934819 - BS6
YANGZIJIANG SHIPBLDG HLDGS LTD - SG1U76934819 - SO7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Apr-2020 17:46:19
Status
New
Announcement Sub Title
Retirement of Executive Chairman
Announcement Reference
SG200407OTHRBV0P
Submitted By (Co./ Ind. Name)
Ren Letian
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Ren Yuanlin as Executive Chairman

Additional Details

Name Of Person
Ren Yuanlin
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2020
Detailed Reason (s) for cessation
To pursue other career opportunities.
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
13/01/2006
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
Mr Ren Yuanlin is responsible for leading and ensuring effectiveness of the Board, as well as driving the Group strategic direction and growth.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Ren Yuanlin is the father of Mr Ren Letian (Alternate Director to Mr Ren Yuanlin).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
3,200,000 direct interest and 852,845,825 deemed interest through his interest in Yangzi International Holdings Limited which is wholly-owned by Julius Baer Trust Company (Singapore) Limited as trustee of YZJ Settlement.
Past (for the last 5 years)
None
Present
None