Change - Announcement of Cessation::RESIGNATION AS NON-EXECUTIVE DIRECTOR AND CHAIRMAN

Issuer & Securities

Issuer/ Manager
CHINA NEW TOWN DEVT CO LIMITED
Securities
CHINA NEW TOWN DEVT CO LIMITED - VGG2156N1006 - D4N
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-May-2016 18:02:19
Status
New
Announcement Sub Title
RESIGNATION AS NON-EXECUTIVE DIRECTOR AND CHAIRMAN
Announcement Reference
SG160513OTHRGTG7
Submitted By (Co./ Ind. Name)
YANG MEIYU
Designation
DIRECTOR
Description (Please provide a detailed description of the event in the box below)
MR. FAN HAIBIN RESIGNATION AS NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD.

Please refer to the attachments.

Additional Details

Name Of Person
Fan Haibin
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
13/05/2016
Detailed Reason (s) for cessation
Following Mr. Fan Haibin's retirement in China Development Bank and its subsidiaries due to his age, he will retire as the Chairman and Non-Executive Director 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
28/03/2014
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.)
Chairman of the Board
Role and responsibilities
Non-executive
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
Past (for the last 5 years)
None
Present
None

Attachments

c-CNTD_Change of Director.pdf
e-_Change of Director.pdf
Total size =400K