Highlights


Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE, NON-INDEPENDENT CHAIRMAN

Issuer & Securities

Issuer/ Manager
CHINA JINJIANG ENVIRONMENT HOLDING COMPANY LIMITED
Securities
CHINA JINJIANG ENV HLDG CO LTD - KYG2119H1092 - BWM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Sep-2019 18:20:35
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE, NON-INDEPENDENT CHAIRMAN
Announcement Reference
SG190926OTHRDT2N
Submitted By (Co./ Ind. Name)
Zhao Chao
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Wang Yuanluo as Non-Executive and Non-Independent Chairman.

Additional Details

Name Of Person
Wang Yuanluo
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
26/09/2019
Detailed Reason (s) for cessation
In connection with the acquisition on 21 August 2019 of 29.79% of the shares of China Jinjiang Environment Holding Company Limited (the "Company") by Zhejiang Energy Hong Kong Holding Limited, which is a wholly-owned subsidiary of Zhejiang Provincial Energy Group Co., Ltd., to become the largest controlling shareholder of the Company, Zhejiang Energy Hong Kong Holding Limited has nominated Mr. Wei Dongliang to assume the position of Executive Chairman of the Company, and Ms. Wang Yuanluo has accordingly resigned as a director of the Company and will step down as Non-Executive, Non-Independent Chairman of the Company and a Member of the Nominating Committee of the Company.
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
08/09/2010
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.)
Non-Executive, Non-Independent Chairman and Nominating Committee Member
Role and responsibilities
Responsible for providing leadership and guidance in the overall strategic planning 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?
Yes
Shareholding Details
Direct interest in 2,860,000 ordinary shares
Past (for the last 5 years)
Please refer to the attached.
Present
Please refer to the attached.

Attachments


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