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COSCO SHIPPING International (Singapore) Co., Ltd. (“COSCO SHIPPING” or the “Company” and together with its subsidiaries, the “Group”) aims to become the best-integrated logistics service provider in South and Southeast Asia. The Company is also involved in dry bulk shipping, ship repair and marine engineering, as well as property management.
News
Change - Announcement Of Cessation Of Independent Non-Executive Director
BackJun 30, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 30, 2023 17:36 |
| Status | New |
| Announcement Sub Title | CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR |
| Announcement Reference | SG230630OTHRDT8J |
| Submitted By (Co./ Ind. Name) | Zhu Jian Dong |
| Designation | Chairman and President |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Independent Non-Executive Director |
| Additional Details | |
| Name Of Person | Er Kwong Wah |
| Age | 77 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/07/2023 |
| Detailed Reason (s) for cessation | Mr Er Kwong Wah ("Mr Er") will be stepping down as Independent Non-Executive Director of the Company pursuant to the nine-year tenure limit rule for independent directors. Following Mr Er's cessation, Mr Er will cease to be the Chairman of the Remuneration Committee and a Member of the Audit and Risk Management Committee, Nominating Committee and Strategic Development Committee. |
| 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 | 20/12/2002 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent NED, Chairman of Remuneration Committee and a Member of the Audit and Risk Management, Nominating and Strategic Development Committees. |
| Role and responsibilities | Chairman of the Remuneration Committee Member of the Audit and Risk Management Committee Member of Nominating Committee Member of Strategic Development Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | China Essence Group Ltd China Sky Chemical Fiber Co., Ltd CFM Holdings Ltd The Place Holdings Limited GKE Corporation Ltd ecoWise Holdings Ltd Chaswood Resources Holding Ltd Thai Prime Fund Limited Full Apex (Holdings) Limited |
| Present | RHT Legal Training Institute Pte. Ltd. Luxking Group Holdings Limited |
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