Change - Announcement of Cessation::Resignation of Non-Independent and Non-Executive Director - Dr Ong Hian Eng

Issuer & Securities

Issuer/ Manager
HWA HONG CORPORATION LIMITED
Securities
HWA HONG CORPORATION LIMITED - SG1H85877246 - H19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2022 17:32:37
Status
New
Announcement Sub Title
Resignation of Non-Independent and Non-Executive Director - Dr Ong Hian Eng
Announcement Reference
SG220425OTHRL06D
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Independent and Non-Executive Director - Dr Ong Hian Eng

Additional Details

Name Of Person
Ong Hian Eng
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2022
Detailed Reason (s) for cessation
Dr Ong Hian Eng has tendered his resignation as a Non-Independent and Non-Executive Director, as part of the succession planning of the Company.
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
24/02/1981
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent and Non-Executive Director
Role and responsibilities
Role and responsibilities as a Non-Independent Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Dr Ong is:
- Brother of Mr Ong Choo Eng, Managing Director of Singapore Warehouse Company (Private) Ltd. ("SWC") and a substantial shareholder.
- Brother of Mr Ong Mui Eng, Executive Director.
- Brother of Mr Ong Kwee Eng, Mr Ong Kay Eng and Mr Ong Hoo Eng, who are substantial shareholders.
- Uncle of Mr Ong Eng Loke, SVP, Fund Management of Hwa Hong Edible Oil Industries Pte. Ltd., Alternate Director to Mr Ong Mui Eng and a substantial shareholder.
- Uncle of Mr Ong Eng Yaw, Director of SWC and a substantial shareholder.
- Uncle of Ms Ong Bee Leem, who is a substantial shareholder.
- Uncle of Dr Ong Eng Hui David, who is a Non-Executive Director and a substantial shareholder.
- Father of Mr Ong Eng Keong, Alternate Director to Dr Ong Hian Eng
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest: 28,284,623 ordinary shares in the Company
Other Directorships
Past (for the last 5 years)
- Fica Holding Ltd
- Jining Ningfeng Chemical Industry Co., Ltd
- Jining Paco Chemical Industry Co., Ltd
- Kaifeng Yufen Oil, Fats & Foodstuff Co., Ltd
- Shandong Hua Xing Plate Printing & Can Manufacturing Co., Ltd
- Shandong Qifeng Packaging Products Co., Ltd
Present
- 253 JB Pte. Ltd.
- Asiaphos Limited
- Asiaphos Resources Pte Ltd
- Fica (Pte) Ltd
- Global Trade Investment Management Pte Ltd
- Norwest Chemicals Pte Ltd
- Ong Chay Tong & Sons (Private) Limited
- Paco Industries Pte. Ltd.
- Pumbledon Limited
- Sichuan Mianzhu Norwest Chemicals Pte Ltd
- Singapore Warehouse Company (Private) Ltd.
- Thackeray Properties Limited
- Vantagepro Investment Limited
- Singamet Trading Pte. Ltd. (In Members' Voluntary Winding Up)