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

Issuer & Securities

Issuer/ Manager
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Apr-2022 20:08:53
Status
New
Announcement Sub Title
Retirement of Non-Independent Non- Executive Director
Announcement Reference
SG220418OTHRNPE4
Submitted By (Co./ Ind. Name)
Ren Letian
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Independent Non- Executive Director

Additional Details

Name Of Person
Xu Wen Jiong
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
18/04/2022
Detailed Reason (s) for cessation
Retirement pursuant to Regulation 94 of the Company's Constitution and not seeking re-election as he has served on Board as a Non-Independent Non-Executive Director from financial year 2014 to financial year 2021 (both years inclusive). This will facilitate Board renewal.
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?
Yes
If Yes, Please provide full details
With Mr Xu Wen Jiong's retirement, the Board will be looking to appoint a new Independent Director and/or reviewing the current composition to ensure that the composition of the Board and Board Committees comply with the Code of Corporate Governance.
Date of Appointment to current position
30/04/2014
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director and Member of Nominating, Remuneration and Audit Committees.
Role and responsibilities
Duties and responsibilities as stipulated in the Listing Manual of Singapore Exchange Securities Trading Limited and Terms of Reference of Board Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
1. WEST GOLD INTERNATIONAL (PTE) LTD
2. WEST GOLD INTERNATIONAL (PTE) LTD, HONG KONG