Change - Announcement of Cessation::Retirement of Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
JIUTIAN CHEMICAL GROUP LIMITED
Securities
JIUTIAN CHEMICAL GROUP LIMITED - SG1V71937527 - C8R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Mar-2022 17:22:10
Status
New
Announcement Sub Title
Retirement of Non-Executive and Non-Independent Director
Announcement Reference
SG220316OTHREDW6
Submitted By (Co./ Ind. Name)
Han Lianguo
Designation
Non-Executive and Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Zhang Hongtao
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2022
Detailed Reason (s) for cessation
Mr Zhang Hongtao ("Mr Zhang") is subject to retirement pursuant to Regulation 91 of the Company's constitution at the forthcoming Annual General Meeting to be held on 28 April 2022 and does not wish to seek for re-election as he would like to focus on his work commitments at Henan Energy and Chemical Industry Group Co., Limited ("HNEC"). Accordingly, he will cease as a Non-Executive and Non-Independent Director of the Company.

After having interview Mr Zhang, and to the best of its knowledge, the Company's Sponsor, Primepartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Zhang.
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
01/02/2018
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Role and responsibilities
Perform functions of Non-Executive and Non-Independent Director. Nominee Director of HNEC, ultimate controlling shareholder
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?
No
Other Directorships
Past (for the last 5 years)
Nil
Present
Anyang Chemical Industry Group Co Ltd
Anyang Jiulong Chemical Co Ltd
Anyang Jiutian Fine Chemical Co., Ltd
Anyang Longyu (HK) Development Co., Ltd.