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
23-Apr-2025 19:56:29
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director and Changes to the Board Composition
Announcement Reference
SG250423OTHRH8VW
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 Mr. Zhai Haitao as Independent Non-Executive Director and Changes to the Board Committees

Additional Details

Name Of Person
Zhai Haitao
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
23/04/2025
Detailed Reason (s) for cessation
Pursuant to Rule 210(5)(d)(iv) of the SGX-ST Listing Manual, Mr. Zhai Haitai ceased to be independent upon the conclusion of the annual general meeting of the Company held on 23 April 2025. Accordingly, Mr. Zhai has retired as an Independent Non-Executive Director, the chairman of the Nominating Committee and a member of each of the Audit Committee and the Remuneration 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
14/08/2015
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Nominating Committee, and Member of each of the Audit Committee and Remuneration Committee
Role and responsibilities
Independent Non-Executive Director, Chairman of the Nominating Committee, and Member of each of the Audit Committee and Remuneration 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?
No
Other Directorships
Past (for the last 5 years)
Directorships:
China Asset Management Co., Ltd.
China Everbright Environment Group Limited
Shanghai Lianyin Venture Capital Co., Ltd.

Principal Commitments:
None
Present
Directorships:
China Life Insurance Company Limited

Principal Commitments:
Primavera Capital Group
President and Partner