Change - Announcement of Cessation::Cessation of Independent Non-Executive Director and Changes to the Board Composition

Issuer & Securities

Issuer/ Manager
CHINA EVERBRIGHT WATER LIMITED
Securities
CHINA EVERBRIGHT WATER LIMITED - BMG2116Y1057 - U9E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2024 20:34:42
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director and Changes to the Board Composition
Announcement Reference
SG240426OTHRRUM8
Submitted By (Co./ Ind. Name)
Kwan Yun Fui
Designation
Legal Counsel and Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms. Cheng Fong Yee as Independent Non-Executive Director and Changes to the Board Committees

Additional Details

Name Of Person
Cheng Fong Yee
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Pursuant to Rule 210(5)(d)(iv) of the SGX-ST Listing Manual and the transitional arrangements established by the SGX-ST for the application of Rule 210(5)(d)(iv) of the SGX-ST Listing Manual, Ms. Cheng Fong Yee, who has served on the Board for more than nine years, ceased to be independent upon the conclusion of the annual general meeting of the Company held on 26 April 2024. Accordingly, Ms. Cheng has retired as an Independent Non-Executive Director, the chairman of the Remuneration Committee and a member of the Audit Committee 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
31/07/2007
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.)
Independent Non-Executive Director, Chairman of the Remuneration Committee and Member of the Audit Committee
Role and responsibilities
Independent Non-Executive Director, Chairman of the Remuneration Committee and Member of the Audit Committee
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?
Yes
Shareholding Details
Ms. Cheng is interested in 622,266 shares of China Everbright Water Limited
Past (for the last 5 years)
Directorships:
None

Principal Commitments:
AsiaOne Insurance Agency Pte. Ltd.
Executive Director (Principal Representative) of the Cambodia Branch
Present
Directorships:
Swift Total Logistics Pte. Ltd.
Sin Sheng Auto Workshop Pte. Ltd.
Sea Excel Shipping Pte. Ltd.
AI Beyond Pte. Ltd.

Principal Commitments:
AsiaOne Insurance Agency Pte. Ltd.
Head of the Insurance Division in Singapore