Change - Announcement of Cessation::RESIGNATION OF LEAD INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
HGH HOLDINGS LTD.
Securities
HGH HOLDINGS LTD. - SG1S12926576 - 5GZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Jan-2024 17:38:21
Status
New
Announcement Sub Title
RESIGNATION OF LEAD INDEPENDENT DIRECTOR
Announcement Reference
SG240111OTHRFR0I
Submitted By (Co./ Ind. Name)
TAN POH GUAN
Designation
EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
RESIGNATION OF MS AMELIA VINCENT AS LEAD INDEPENDENT DIRECTOR

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor").This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Audrey Mok (Tel (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
AMELIA VINCENT
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
31/01/2024
Detailed Reason (s) for cessation
Ms Amelia Vincent has decided to resign as Lead Independent Director of the Company to focus on her existing work commitments which takes up a substantive amount of her time. Following her resignation, Ms Amelia Vincent will cease to be the Company's Non-Executive Independent Director, Chairman of Audit Committee and member of Remuneration and Nominating Committee.

Based on its enquiries, the Company's Sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Ms Amelia Vincent.

The Board would like to extend their appreciation to Ms Amelia Vincent for her invaluable contribution to the Company during her tenure of service.
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?
Yes
If Yes, Please provide full details
The Company will endeavor to fill the vacancy in the Board Committees within 2 months, and in any case, no later than 3 months, to comply with Rule 704(7) of the Catalist Rules.
Date of Appointment to current position
15/06/2016
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
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.)
(a) Lead Independent Director
(b) Chairman of Audit Committee
(c) Member of Remuneration Committee
(d) Member of Nominating Committee
Role and responsibilities
Non-Executive Independent Director, Lead Independent Director, Chairman of the Audit Committee and member of the Remuneration Committee and Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
(a) Williams Grant & Sons Singapore Pte. Ltd. (27 August 2014 - 4 January 2021)
(b) Control Risks Group (S) Pte. Ltd. (11 January 2021 - 19 March 2021)
Present
(a) Abilities Beyond Limitations and Expectations Limited (15 August 2018 - Present)
(b) The Body Shop (Singapore) Pte Ltd (15 July 2023 - Present)
(c) The Body Shop International (Asia Pacific) Pte Limited (1 December 2021 - Present)