Response to SGX Queries::

Issuer & Securities

Issuer/ Manager
HOTEL GRAND CENTRAL LIMITED
Securities
HOTEL GRAND CENTRAL LTD - SG1J41888780 - H18
Stapled Security
No

Announcement Details

Announcement Title
Response to SGX Queries
Date &Time of Broadcast
27-Apr-2021 18:41:10
Status
New
Supplementary Title
On Annual Reports
Announcement Reference
SG210427OTHRLHE2
Submitted By (Co./ Ind. Name)
HOTEL GRAND CENTRAL LIMITED
Designation
CORPORATE SECRETARY
Description (Please provide a detailed description of the change in the box below)
SGX has raised the following question that require the Company to respond via an announcement on SGXNet:

SGX question:

Listing Rule 210(5)(d)(iii), which will come into effect 1 January 2022, states that a director will not be independent if he has been a director for an aggregate period of more than 9 years (whether before or after listing) and his continued appointment as an independent director has not been sought and approved in separate resolutions by (A) all shareholders; and (B) shareholders, excluding the directors and the chief executive officer of the issuer, and associates of such directors and chief executive officer ( two-tier vote ). In this regard, we note that Tan Kok Aun and Fang Swee Peng will each have served as an independent director on the Board for a period of more than 9 years come 1 January 2022. It is not clear from the Annual Report 2020 and the Notice of AGM whether Tan Kok Aun and Fang Swee Peng is being put up for the two-tier vote for their continued appointment as independent directors of the Company.

Please clarify and advise what will happen to the status of each of Tan Kok Aun s and Fang Swee Peng s directorship with effect from 1 January 2022.By order of the Board.

The response to the query is attached.

Attachments

HGC SGXNet SGX query on AnnualReport FY2020.pdf
Total size =344K