Change - Announcement of Cessation::Retirement of Executive Director

Issuer & Securities

Issuer/ Manager
YEO HIAP SENG LTD
Securities
YEO HIAP SENG LTD - SG1I10878425 - Y03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Dec-2019 17:20:48
Status
New
Announcement Sub Title
Retirement of Executive Director
Announcement Reference
SG191213OTHR2KQ5
Submitted By (Co./ Ind. Name)
Winston Paul Wong Chi Huang
Designation
General Counsel & Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Melvin Teo Tzai Win as Executive Director of the Company.

Additional Details

Name Of Person
Melvin Teo Tzai Win
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2019
Detailed Reason (s) for cessation
In line with the Board's and shareholders' request for a smaller Board, Mr Melvin Teo Tzai Win has retired as Executive Director but shall remain as Group Chief Executive Officer 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
01/01/2015
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)
6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director & Group Chief Executive Officer
Role and responsibilities
Executive. Mr Teo is responsible for the overall management, operations and performance of the Yeo Hiap Seng Group.
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?
Yes
Shareholding Details
1,314,203 ordinary shares
Past (for the last 5 years)
Nil
Present
See Annex A

Attachments

Annex A-Melvin.pdf
Total size =20K