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NewOcean Energy loses second Executive Director on HQ relocation to China

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Cen Ziniu’s resignation as executive director and authorised representative since 31 December was due to ‘personal commitment and job relocation’.
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Hong Kong listed NewOcean Energy Holdings Limited on Friday (31 December) said Mr. Cen Ziniu has resigned as an executive director and authorised representative with immediate effect.

The development was, “due to his personal commitment and job relocation caused by the reallocation of the headquarter to the Mainland China which lead to considerable inconvenience.”

“Mr. Cen has confirmed that he has no disagreement with the Company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company,” it states.

“The Board of Directors of the Company would like to express its sincere gratitude to Mr. Cen for his contribution to the Company.”

Manifold Times on 24 December reported Mr. Shum Chun, Lawrence leaving NewOcean Energy as its Executive Director and authorised representative.

The latest line up of the company’s board is as follows:

NewOcean board lineup

In order to comply with the Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Company Secretary, Mr. Cheung Man Kin has been appointed as the authorised representative of the Company to fill in the vacancy.

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Photo credit: Drew Beamer
Published: 3 January, 2022