Change - Announcement Of Cessation :: Cessation Of Chairman And Executive Director

News Change - Announcement Of Cessation :: Cessation Of Chairman And Executive Director

BackApr 07, 2022

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	Cessation of Chairman and Executive Director
Securities	CHINA MINING INTERNATIONAL LTD (CHINA MINING)
Date & Time of Broadcast	Apr 7, 2022 22:44
Submitted By	Ho Kok Weng Chief Financial Officer and Company Secretary
Description	Cessation of Mr Guo Yinghui as the Chairman and as an Executive Director of the Company.
Cessation Details
Name of person	Guo Yinghui
Age	57
Is effective date of cessation known?	Yes
Effective date for cessation	Apr 29, 2022
Detailed reason(s) for cessation	Mr Guo Yinghui will retire as the Chairman and an Executive Director of the Company pursuant to Article 86 of the Company's Constitution at the conclusion of the forthcoming AGM to be convened on 29 April 2022. Mr Guo Yinghui, who has served on the Board as the Chairman and an Executive Director since the incorporation of the Company, has indicated that he, as part of the succession plan and renewal process of the Board, will not be seeking re-election so as to make way for Mr Zhai Kebin, the existing CEO and an Executive Director of the Company, to succeed him as the 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	Jan 31, 2005
Does the AC have a minimum of 3 members (taking into account this cessation)?	No
Number of independent directors currently resident in Singapore (taking this 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	0
Job Title	Chairman of the Board and an Executive Director
Role and responsibilities	Mr Guo is responsible for the formulation of the overall business strategies and policies of the Group.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries	No.
Shareholdings interest in the listed issuer and its subsidaries?	Yes
Shareholding Details	17,985,000 Direct Shareholding Interest and 194,240,000 Deemed Interest. Mr Guo Yinghui is the spouse of Mdm. Feng Li and is deemed to be interested in: (a) the 14,560,000 shares registered in the name of KGI Fraser Securities Pte Ltd held for Mdm. Feng Li; and (b) the 179,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus International Limited (held for itself and as nominee of Profit Run Developments Limited).
Other directorships
Past (for the last 5 years)	Directorship held for: 1) Dragon Light Holdings Limited 2) Henan Fed Investment Co., Ltd. 3) Beijing Changjin Investment Co., Ltd. 4) Tianjin Shengyao Equity Investment Fund Management Co., Ltd. 5) Trump Luck Investments Limited 6) Zhongneng Huicheng New Energy Investment Co., Ltd. 7) Gold Planet Holdings Limited 8) Zhongnong Huasheng (Beijing) Agricultural Development Investment Co., Ltd. 9) Champion One Holdings Limited 10) Smart Finder Investment Limited
Present	Directorship held for: 1) China Focus International Limited 2) Beijing Fed Investment Group Co., Ltd. 3) Excel Leading (Hong Kong) Limited 4) China Minerals Energy Limited 5) CLC GROUP Limited