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
Status New
Announcement Sub Title Cessation of Executive Director and Chief Financial Officer
Announcement Reference SG180430OTHRLDM8
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
Additional Details
Name Of Person Ye Bin Lin
Age 52
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