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Change - Announcement Of Resignation Of Non-Executive And Lead Independent Director

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Sep 27, 2022 19:57
Status New
Announcement Reference SG220927OTHR34U9
Submitted By (Co./ Ind. Name) Ren Letian
Designation Executive Director & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Resignation of Mr Teo Yi-dar ("Mr Teo") as the Non-Executive and Lead Independent Director.
Additional Details
Name Of Person TEO YI-DAR
Age 52
Is effective date of cessation known? Yes
If yes, please provide the date 27/09/2022
Detailed Reason (s) for cessation Mr Teo Yi-dar ("Mr Teo") resigned as the Non-Executive and Lead Independent Director of the Company to devote more time to his other work commitments.
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 Teo Yi-dar's resignation, the Board will be looking to appoint new Independent Director and/or review 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 28/07/2006
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.) Lead Independent Director, Chairman of Nominating and Remuneration Committees and Member of Audit Committee
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? Yes
Shareholding Details 150,000 Ordinary Shares in Yangzijiang Shipbuilding (Holdings) Ltd.
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