YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
(Company Registration Number 200517636Z)
(Incorporated in the Republic of Singapore)
- RESIGNATION OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR; AND
- CHANGES TO THE COMPOSITION OF THE BOARD AND BOARD COMMITTEES OF THE COMPANY
The board of directors (the "Board") of Yangzijiang Shipbuilding (Holdings) Ltd. (the "Company") wishes to announce the following:
-
RESIGNATION OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR
Mr Toe Teow Heng ("Mr Toe") will resign as independent non-executive director of the Company with effective from 6 December 2021.
Consequently, Mr Toe will cease to be the members of the audit committee, nominating committee ("NC") and remuneration committee of the Company.
The details and declarations of Mr Toe as required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST"), has been set out in separate announcement made by the Company today.
The Board would like to record its thanks and appreciation to Mr Toe for his dedicated service and invaluable contributions to the Company during his tenure as independent non-executive director. - CHANGES TO THE COMPOSITION OF THE BOARD AND BOARD COMMITTEES OF THE COMPANY
Consequent to the resignation Mr Toe, the composition of the Board and the Board Committees of the Company comprises the following members:
Board of Directors | ||
Ren Letian | - Executive Chairman and Chief Executive Officer | |
Teo Yi-dar | - | Lead Independent Director |
Xu Wen Jiong | - | Non-IndependentNon-Executive Director |
Chen Timothy Teck Leng @ Chen | - | Independent Director |
Teck Leng | ||
Song Shuming | - | Executive Director |
Audit Committee | ||
Chen Timothy Teck Leng @ Chen | - | Chairman |
Teck Leng | ||
Teo Yi-dar | - | Member |
Xu Wen Jiong | - | Member |
Nominating Committee | ||
Teo Yi-dar | - | Chairman |
Chen Timothy Teck Leng @ Chen | - | Member |
Teck Leng | ||
Xu Wen Jiong | - | Member |
Remuneration Committee | ||
Teo Yi-dar | - | Chairman |
Chen Timothy Teck Leng @ Chen | - | Member |
Teck Leng | ||
Xu Wen Jiong | - | Member |
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In light of the matters set out in this announcement, the Board and the NC are in the process of reviewing its composition and the memberships appointments of the various Board committees. The Company will make the appropriate announcement(s) to update on the further reconstitution of the Board and/or Board committees when there are further material developments.
BY ORDER OF THE BOARD
Ren Letian
Executive Chairman and Chief Executive Officer
3 December 2021
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Yangzijiang Shipbuilding Holdings Ltd. published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 09:51:02 UTC.