| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 14, 2017 17:16 |
| Status | New |
| Announcement Sub Title | Resignation of acting Chief Financial Officer |
| Announcement Reference | SG171114OTHRZ3IO |
| Submitted By (Co./ Ind. Name) | Gu Jing Song |
| Designation | Vice Chairman and President |
| Description (Please provide a detailed description of the event in the box below) | Resignation of acting Chief Financial Officer. |
| Additional Details | |
| Name Of Person | Liang Jianfeng |
| Age | 40 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 14/11/2017 |
| Detailed Reason (s) for cessation | The parent company has identified a new Chief Financial Officer. |
| 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 | 09/05/2017 |
| 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) | 4 |
| 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.) | acting Chief Financial Officer |
| Role and responsibilities | Executive and oversee the financial 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) | Nil |
| Present | 1) Cosland (SR) Development Pte Ltd 2) Harington Property Pte Ltd 3) COSCO Myanmar Pte Ltd 4) China Shipping (Singapore) Agencies Pte Ltd 5) Golden logistic & storage Sdn Bhd 6) China Shipping (Bangkok) Co. Ltd 7) Golden Land (25) Pte Ltd 8) Golden Land (26) Pte Ltd 9) Golden Land (27) Pte Ltd 10) China Shipping Regional Holding Sdn. Bhd. 11) China Shipping Manila Agency, Inc 12) PT Zhonghai Indo Shipping 13) China Shipping (Malaysia) Agencies Sdn Bhd 14) China Shipping Cambodia Agency Co. Ltd 15) China Shipping (Vietnam) Co. Ltd 16) China Shipping Regional Holding Pte. Ltd. |