Change - Announcement Of Cessation :: Resignation Of Non-Independent And Non-Executive Director
April 27, 2018 at 10:50 am
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Announcement Title
Change - Announcement of Cessation
Announcement Subtitle
Resignation of Non-Independent and Non-Executive Director
Securities
COSCO SHIPPING INTL(S) CO. LTD (COSCOSHP)
Date & Time of Broadcast
Apr 27, 2018 17:33
Submitted By
Gu Jing Song
Vice Chairman and President
Description
Cessation of Mr Liang Yan Feng as Non-Independent and Non-Executive Director and member of the Enterprise Risk Management Committee
Cessation Details
Name of person
Liang Yan Feng
Age
53
Is effective date of cessation known?
Yes
Effective date for cessation
Apr 27, 2018
Detailed reason(s) for cessation
Cessation as Non-Independent and Non-Executive Director due to internal work reorganisation.
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
Jul 8, 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 this account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months
3
Job Title
Non-Independent and Non-Executive Director
Role and responsibilities
Non-Executive
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries
None
Shareholdings interest in the listed issuer and its subsidaries?
Cosco Shipping International (Singapore) Co. Ltd. published this content on 27 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2018 09:49:05 UTC
COSCO SHIPPING International (Singapore) Co., Ltd. is a Singapore-based investment holding company. The Company is an integrated logistics service provider in South Asia and Southeast Asia. The Company is engaged in dry bulk shipping, ship repair and marine engineering, as well as property management. Its segments include shipping; ship repair, and marine engineering activities; logistics, and property management. The Company's business segments operate in two main geographical areas: Singapore, which includes the operations in shipping, ship repair and marine engineering related activities, logistics, property management, and Malaysia, which includes the operations in logistics activities. The Company, through its subsidiary, Cogent Holdings Pte. Ltd., manages and operate approximately 3.5 million square feet of covered and open storage spaces located in the logistics hub districts in Singapore.