Change - Announcement of Cessation::CESSATION AS EXECUTIVE DIRECTOR AND VICE-CHAIRMAN OF THE BOARD

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
04-Dec-2015 17:02:44
Status
New
Announcement Sub Title
CESSATION AS EXECUTIVE DIRECTOR AND VICE-CHAIRMAN OF THE BOARD
Announcement Reference
SG151204OTHRCH5M
Submitted By (Co./ Ind. Name)
YANG MEIYU
Designation
DIRECTOR
Description (Please provide a detailed description of the event in the box below)
MR. SHI JIAN'S CESSATION AS EXECUTIVE DIRECTOR AND VICE-CHAIRMAN OF THE BOARD

Additional Details

Name Of Person
SHI JIAN
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
05/12/2015
Detailed Reason (s) for cessation
As Mr Shi Jian, the Executive Director of the Company, has been absent from meetings of the board for six consecutive months without special leave of absence from the board. Pursuant to Article 88(3) and 85(4)(b) of the Articles of Association of the Company, Mr. Shi Jian is removed as an executive director and the vice chairman of the Board.
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
EXECUTIVE DIRECTOR AND VICE CHAIRMAN
Role and responsibilities
to provide experience and resource in the industry to the Group
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?
Yes
Shareholding Details
please refer to P120 of the Annual Report 2014 of the company.
Past (for the last 5 years)
executive chairman of SRE GROUP Limited (HK1207) until 2 December 2015
Present
none