Change - Announcement Of Cessation Of Executive Director And Chief Financial Officer
BackApr 30, 2018
|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Apr 30, 2018 19:35|
|Announcement Sub Title||Cessation of Executive Director and Chief Financial Officer|
|Submitted By (Co./ Ind. Name)||Zhao Guang Ming|
|Designation||Executive Director and Chief Executive Officer|
|Description (Please provide a detailed description of the event in the box below)||Cessation of Executive Director and Chief Financial Officer|
|Name Of Person||Ye Bin Lin|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||30/04/2018|
|Detailed Reason (s) for cessation||Due to restructuring between the Company and the controlling shareholder.|
|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||11/08/2017|
|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 Chief Financial Officer.
|Role and responsibilities||Mr. Ye Bin Lin was appointed as the Chief Financial Officer and Executive Director on 1 January 2017 and 11 August 2017 respectively.
Mr. Ye Bin Lin is responsible for financial reporting, investor relations, compliance to listing requirements and overall management of finance function of the Company and its subsidiaries.
|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)||Singapore CEFC Petrochemical & Energy Pte. Ltd.|
|Present||Coastal Corporation Limited
Sunway Holdings Pte. Ltd.
Shanghai Dajiang Shenyuan Equity Investment Fund Management Co., Ltd