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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 Resignation Of Chief Financial Officer And Chief Risk Officer - Mr Pan Zhigang
BackApr 10, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 10, 2025 17:40 |
| Status | New |
| Announcement Sub Title | Resignation of Chief Financial Officer and Chief Risk Officer - Mr Pan Zhigang |
| Announcement Reference | SG250410OTHRNCJP |
| Submitted By (Co./ Ind. Name) | WANG SHAN HE |
| Designation | CHAIRMAN AND PRESIDENT |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Chief Financial Officer and Chief Risk Officer - Mr Pan Zhigang |
| Additional Details | |
| Name Of Person | Pan Zhigang |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 10/04/2025 |
| Detailed Reason (s) for cessation | Mr Pan Zhigang ("Mr Pan") has stepped down as the Chief Financial Officer ("CFO") and Chief Risk Officer ("CRO") of the Company pursuant to the established policy of rotating key management talents by China COSCO SHIPPING Corporation Limited among its business units. The Board would like to extend its gratitude and appreciation to Mr Pan for his invaluable contributions to the Company during his tenure. In the interim, the General Manager of the Finance Division of the Company, will temporarily oversee the daily operations of the financial and risk management functions of the Company. For significant matters, the senior management team will deliberate and make collective decisions. The Company has identified a suitable candidate for the position of CFO and CRO and will make the necessary announcement upon completion of the requisite clearance and formalities. |
| 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 | 12/07/2023 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer and Chief Risk Officer |
| Role and responsibilities | Executive and oversee the financial management and risk management of the Group |
| 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) | None |
| Present | None |
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