Change - Announcement of Cessation::Retirement of Non-Executive and Independent Director at AGM
Issuer & Securities
HL GLOBAL ENTERPRISES LIMITED
HL GLOBAL ENTERPRISES LIMITED - SG1AI6000003 - AVX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Non-Executive and Independent Director at AGM
Submitted By (Co./ Ind. Name)
Foo Yang Hym
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of retirement of Non-Executive and Independent Director at AGM
Name Of Person
Martha Tan Hui Keng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Ms Martha Tan Hui Keng, who was due to retire at the 53rd Annual General Meeting of the Company ("AGM") pursuant to Article 113 of the Company's Constitution, did not seek re-election as a Director of the Company at the AGM. With Ms Tan's cessation as a Director, she also ceased to be the Chairman of the Nominating Committee ("NC") as well as a member of the Audit and Risk Committee ("ARC"), Remuneration Committee ("RC") and HL Global Enterprises Share Option Scheme 2006 Committee ("SOSC").
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director, Chairman of NC and member of ARC, RC and SOSC.
Role and responsibilities
The role and responsibilities of a Non-Executive and Independent Director on the Board of Directors, and as the Chairman of NC and member of ARC, RC and SOSC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
1. Allgrace Investment Management Private Limited
2. ST Asset Management Ltd.
1. Singapore Consortium Investment Management Limited
2. Singapura Finance Ltd