News

    Change - Announcement Of Retirement Of Executive Director

    BackApr 12, 2024
    Announcement Title Change - Announcement of Cessation
    Date & Time of Broadcast Apr 12, 2024 7:37
    Status New
    Announcement Sub Title RETIREMENT OF EXECUTIVE DIRECTOR
    Announcement Reference SG240412OTHRSPKO
    Submitted By (Co./ Ind. Name) Sau Ean Nee
    Designation Company Secretary
    Description (Please provide a detailed description of the event in the box below) Mr. Zhong Siliang, an Executive Director of Yanlord Land Group Limited ("Company" and together with its subsidiaries, "Group"), who will be retiring from office by rotation pursuant to Regulation 89 of the Company's Constitution, has decided not to seek re-election. Mr. Zhong Siliang will step down from the Board and relinquish his position as Executive Director at the conclusion of the annual general meeting of the Company scheduled to be held on 29 April 2024 ("2024 AGM").
    Additional Details
    Name Of Person Zhong Siliang
    Age 46
    Is effective date of cessation known? Yes
    If yes, please provide the date 29/04/2024
    Detailed Reason (s) for cessation Mr. Zhong Siliang will be retiring from office by rotation at the 2024 AGM pursuant to Regulation 89 of the Company's Constitution, and he has decided not to seek re-election.
    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 11/05/2006
    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) 5
    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.) Executive Director
    Role and responsibilities Mr. Zhong Siliang assumes the role and responsibilities of Executive Director and is responsible for establishing relations with architectural firms, real estate consultants and the district and national government officials, for the execution of the Group's investments in the People's Republic of China. Mr. Zhong Siliang has been responsible for overall operations of the property development business in Shenzhen and overseeing the Group's business in Hainan. He is the Deputy Director for operations of the Group since 2007 and is also a Director of various companies of the Group in the People's Republic of China and Singapore.
    Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Mr. Zhong Siliang is a nephew of Mr. Zhong Sheng Jian, the Chairman and Chief Executive Officer and a substantial shareholder of the Company, cousin of Mr. Zhong Ming, the Executive Deputy Chairman of the Company as well as a Director of a principle subsidiary of the Company, cousin of Mr. Zhong Iek Ka, an Executive Director of the Company, and cousin of Ms. Wei Lijing, a Director of principle subsidiaries of the Company.
    Shareholding interest in the listed issuer and its subsidiaries? Yes
    Shareholding Details Mr. Zhong Siliang holds a direct interest in 320,000 ordinary shares and is deemed to have an interest in 30,095,000 ordinary shares, of the Company.
    Past (for the last 5 years) Trimaxiom Investments Pte. Ltd.
    Present 1. Polyprosper Pte. Ltd.
    2. Oriental Universe Inc Limited
    3. Ace Talent Limited
    4. Investor Growth Co., Limited
    5. Vivo Surgical Private Limited