Change - Announcement of Cessation::Announcement of Cessation

Issuer & Securities

Issuer/ Manager
HENGYANG PETROCHEMICAL LOGISTICS LIMITED
Securities
HENGYANG PETROCHEM LOG LIMITED - SG1Y78948920 - 5PD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Aug-2024 18:13:39
Status
New
Announcement Sub Title
Announcement of Cessation
Announcement Reference
SG240815OTHRPNK8
Submitted By (Co./ Ind. Name)
GU WEN LONG
Designation
DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Xie Yu as the Non-Executive Director of the Company

This announcement has been reviewed by the Company's Sponsor, Xandar Capital Pte Ltd ("Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Pauline Sim, Head of Corporate Finance, at 3 Shenton Way, #24-02 Shenton House, Singapore 068805, telephone (65) 6319 4954.

Additional Details

Name Of Person
Xie Yu
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
29/08/2024
Detailed Reason (s) for cessation
Mr Xie Yu ("Mr Xie") is resigning to pursue his own personal interests.

Following Mr Xie's resignation, the Board is currently in the process of reviewing its composition and membership and the membership of the Board committees to ensure its compliance with the Code of Corporate Governance 2018.

Save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Xie as an independent director
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
19/11/2008
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Non-executive Director, Member of the Audit Committee, Remuneration Committee and Nominating Committee
Role and responsibilities
Non-executive Director, Member of the Audit Committee, Remuneration Committee and Nominating Committee
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?
Yes
Shareholding Details
1,950,000
Past (for the last 5 years)
Jiangsu Fuyou Technology Co., Ltd

Nanjing Haofu New Material Co., Ltd

Nanjing Hongdao New Energy Technology Co., Ltd.

Jadestone Development Ltd.
Present
Jadestone Management Pte. Ltd.