Change - Announcement of Cessation::Announcement of Cessation of Chief Operating Officer

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
30-Nov-2017 08:04:18
Status
New
Announcement Sub Title
Announcement of Cessation of Chief Operating Officer
Announcement Reference
SG171130OTHRZGAA
Submitted By (Co./ Ind. Name)
Doreen Nah
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Ms. Teo Lang Lang Jean will cease as Chief Operating Officer of the Company as from 22 January 2018. The roles and responsibilities of the Chief Operating Officer will be assumed by (i) Mr. Meng Fanqiu (Chief Executive Officer/Executive Director) who will have oversight responsibilities over the Trading Department; and (ii) Mr. Zhang Xingbo (Vice President) who will have oversight responsibilities over the Operations Department and Aviation Marketing Department. Mr. Zhang will also assist the Chief Executive Officer/Executive Director in overseeing the Trading Department.

Additional Details

Name Of Person
Teo Lang Lang Jean
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
22/01/2018
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
01/11/2011
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.)
Chief Operating Officer
Role and responsibilities
Ms. Teo Lang Lang Jean was responsible for overseeing:
(i) the Trading and Operations Departments of the Company and when delegated by the Chief Executive Officer, to assist the Chief Executive Officer in identifying investment projects/new businesses in line wiht the Company's growth strategy;
(ii) the development of trading and supply growth strategies, policies, procedures and performance targets for all trading benches; and
(iii) the growth and expansion of the jet fuel marketing business for supply to airline companies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
North American Fuel Corporation