Change - Announcement Of Resignation Of Non-Executive And Non-Independent Director

BackJul 01, 2020
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jul 1, 2020 17:30
Status New
Announcement Sub Title Resignation of Non-Executive and Non-Independent Director
Announcement Reference SG200701OTHR29M6
Submitted By (Co./ Ind. Name) Anthony Ang Meng Huat
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Resignation of Dr Zhou Yimin as a Non-Executive and Non-Independent Director of the Company with effect from 1 July 2020.
Additional Details
Name Of Person Zhou Yimin ("Dr Zhou")
Age 62
Is effective date of cessation known? Yes
If yes, please provide the date 01/07/2020
Detailed Reason (s) for cessation Dr Zhou has voluntarily resigned as Non-Executive and Non-Independent Director of the Company. This is as part of the restructuring of the Board following the Nominating and Remuneration Committee's and the Board's review and deliberation on the composition of the Board in compliance with Provision 2.2 of the Code of Corporate Governance 2018.
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 16/11/2017
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 0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive and Non-Independent Director
Role and responsibilities Non-Executive and Non-Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) CIFI Holdings (Group) Co. Ltd.
Present (1) Landsea Green Properties Co., Ltd.
(2) Pingan Real Estate Company Ltd.
(3) Pingan Real Estate Capital Limited.