(Company Registration No. 196100159G)
CHANGES IN THE COMPOSITION OF THE BOARD AND COMMITTEESThe Board of Directors of COSCO Corporation (Singapore) Limited (the "Board") (the "Company") wishes to announce that Capt Wu Zi Heng ("Capt Wu") has ceased as Vice Chairman and President with effect from 30 August 2016 and he will continue to hold office as Non-Independent Executive Director until 1 October 2016. Mr Gu Jing Song ("Mr Gu") has been appointed as Vice Chairman, President and Non-Independent Executive Director of the Company with effect from 30 August 2016.
Subsequent to Capt Wu's cessation, he has also ceased to be the Chairman of Strategic Development Committee and member of the Nominating Committee, Remuneration Committee and Enterprise Risk Management Committee of the Company with effect from 30 August 2016.
Mr Gu has been appointed as the Chairman of Strategic Development Committee and member of the Nominating Committee, Remuneration Committee and Enterprise Risk Management Committee of the Company with effect from 30 August 2016.
Mr Liu Lian An ("Mr Liu") has ceased to be member of the Enterprise Risk Management Committee with effect from 30 August 2016. Mr Liu will continue to hold office as Non- Independent Executive Director until 1 October 2016.
The Board also wishes to announce that Mr Li Xi Bei has been appointed as the Non- Independent Executive Director of the Company with effect from 30 August 2016. He has also been appointed as a member of the Enterprise Risk Management Committee of the Company with effect from 30 August 2016.
The particulars of Mr Gu Jing Song and Mr Li Xi Bei pursuant to the requirements of Rule 704(7) of the Listing Manual of Singapore Exchange Securities Trading Limited will be furnished in separate announcements.
COMPOSITION OF THE BOARD AND COMMITTEES
Following the abovementioned changes, with effect from 30 August 2016, the Board and Committees comprise the following members: -
Members of the Board
Mr Wang Yu Hang - Chairman and Non-Independent and Non-Executive Director Mr Gu Jing Song - Vice Chairman, President and Non-Independent Executive
Director
Mr Li Xi Bei - Non-Independent Executive Director Capt Wu Zi Heng - Non-Independent Executive Director Mr Liu Lian An - Non-Independent Executive Director
Mr Liang Yan Feng - Non-Independent and Non-Executive Director
Mr Ma Zhi Hong
Mr Tom Yee Lat Shing
Non- Independent and Non-Executive Director
Non- Executive Lead Independent Director
Dr Wang Kai Yuen - Non-Executive Independent Director Mr Er Kwong Wah - Non-Executive Independent Director Mr Ang Swee Tian - Non-Executive Independent Director
Alternate Directors:
Mr Li Man - Alternate to Mr Wang Yu Hang Mr Ma Hong Han - Alternate to Mr Ma Zhi Hong Mr Ouyang Chao Mei - Alternate to Mr Liang Yan Feng
Members of the Strategic Development Committee
Mr Gu Jing Song - Chairman Mr Wang Yu Hang
Mr Tom Yee Lat Shing Dr Wang Kai Yuen Mr Er Kwong Wah Mr Ang Swee Tian
Members of the Enterprise Risk Management Committee
Mr Ang Swee Tian - Chairman Mr Gu Jing Song
Mr Li Xi Bei
Mr Tom Yee Lat Shing Dr Wang Kai Yuen Mr Er Kwong Wah Mr Liang Yan Feng Mr Ma Hong Han
Mr Ouyang Chao Mei
Members of the Nominating Committee
Dr Wang Kai Yuen - Chairman Mr Gu Jing Song
Mr Tom Yee Lat Shing Mr Er Kwong Wah Mr Ang Swee Tian
Members of the Remuneration Committee
Mr Er Kwong Wah - Chairman Mr Gu Jing Song
Mr Tom Yee Lat Shing Dr Wang Kai Yuen Mr Ang Swee Tian
Save for the above, the composition of the Audit Committee remains unchanged.
By Order of the Board Gu Jing Song
Vice Chairman and President 30 August 2016
Cosco Corporation (Singapore) Limited published this content on 30 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2016 09:33:09 UTC.
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