Change - Announcement of Cessation::Cessation of Mr Leo Zhen Wei Lionel as a Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
KEONG HONG HOLDINGS LIMITED
Securities
KEONG HONG HOLDINGS LIMITED - SG2D92977651 - 5TT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Sep-2021 18:00:04
Status
New
Announcement Sub Title
Cessation of Mr Leo Zhen Wei Lionel as a Non-Executive and Non-Independent Director
Announcement Reference
SG210916OTHR46CK
Submitted By (Co./ Ind. Name)
Lo Swee Oi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Leo Zhen Wei Lionel as a Non-Executive and Non-Independent Director

Additional Details

Name Of Person
Leo Zhen Wei Lionel
Age
39
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2021
Detailed Reason (s) for cessation
As part of the Board renewal plan and to enhance the independence element of the Board, Mr Leo Zhen Wei Lionel will step down as a Non-Executive and Non-Independent Director on 30 September 2020. Upon his cessation, he will relinquish his positions as a member of the Audit Committee and Nominating Committee.
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
10/06/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director, member of the Audit Committee and Nominating Committee.
Role and responsibilities
Non-Executive.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Leo Zhen Wei Lionel is the son of the Group's Chairman and Chief Executive Officer and substantial shareholder, Mr Leo Ting Ping Ronald.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest in the Company -
420,300 shares (0.18%)
Past (for the last 5 years)
Nil
Present
Nuform System Asia Pte. Ltd.